An Empirical Analysis of the Relationship between Currency Internationalization and Bond Market Development [an error occurred while processing this directive]
经济经纬
           Jul. 16, 2025 Home      Current Issue      Instruction      Subscription      Advertisement      Contact Us      Message     Chinese
Economic Survey  2011, Vol. 28 Issue (4): 0155    DOI:
Finacial Economic Current Issue| Next Issue| Archive| Adv Search [an error occurred while processing this directive] | [an error occurred while processing this directive] 
An Empirical Analysis of the Relationship between Currency Internationalization and Bond Market Development
YANG Rong-hai
(1.School of International Business Administration, Shanghai University of Finance and Economics, Shanghai 200433, China|2. Department of Economics, Kunming University, Kunming 650214, China)
 Download: PDF (782 KB)   HTML (1 KB)  Export: BibTeX | EndNote (RIS)      Supporting Info
Abstract The author holds that there is a stable co-integration relationship between the development of the bond markets of the United States, the euro zone and Japan and the internationalization of the bond markets of the United States, the euro zone and Japan. The growth of euro international bond market can effectively enhance the internationalization level of euro. And the internationalization of the euro has significantly improved the extent of its regional bond market development. But this joint effect between the dollar, the yen and their bond market is not obvious. As for promoting the mechanism for the internationalization of RMB, the author believes China needs to give priority to developing offshore financial markets. Through the development of offshore financial markets, RMB international bond market will be actively promoted. In this way, the exchange rate of RMB will be stable and it will promote the healthy development of China’s domestic bond market, and finally achieve the aim of RMB being an investing currency in international economic intercourse
Service
E-mail this article
Add to citation manager
E-mail Alert
RSS
Articles by authors
YANG Rong-Hai
Key wordscurrency internationalization   domestic bond market   offshore financial market   co-integration relationship     
Received: 2011-02-18
ZTFLH:  F830.91  
Cite this article:   
YANG Rong-Hai. An Empirical Analysis of the Relationship between Currency Internationalization and Bond Market Development. Economic Survey, 2011, 28(4): 0155.
URL:  
http://www.jjjw.org.cn/CN/Y2011/V28/I4/0155
Copyright © 《Chemical Research and Application》Editorial
Support by Beijing Magtech Co.ltd  support@magtech.com.cn