14 07 2014

The Renminbi's Grand Tour by Barry Eichengreen
by Barry Eichengreen



REYKJAVIK – European and Chinese officials have made two notable announcements in recent weeks. On June 18, China’s second largest financial institution, China Construction Bank, was designated as the official renminbi clearing bank for London. The next day, the Frankfurt branch of the Bank of China, the country’s largest...

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