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Safe Haven Currency Attribute of RMB
- 1 Shanghai University of Finance and Economics
* Author to whom correspondence should be addressed.
Abstract
With the continuous progress of RMB internationalization, RMB has shown the attribute of safe haven currency. This paper discusses the exhibition of RMB’s attribute of safe haven currency and the causes behind it in some special risk aversion periods recently by comparing RMB with other major currencies. The process of RMB internationalization has an important impact on the exhibition of RMB’s attribute of safe haven currency. Although convertibility and high liquidity are necessary conditions for a safe haven currency, we also see that in some special circumstances, proper control is helpful for enhancing the safe haven currency attribute of RMB.
Keywords
RMB internationalization, safe haven currency, major currencies
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Cite this article
Zhang,Y. (2024). Safe Haven Currency Attribute of RMB. Journal of Applied Economics and Policy Studies,2,12-15.
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