The recent rapid growth of the offshore renminbi market presents a puzzle for analysts ... straying from the normal sequence of steps toward currency internationalization. Why might that be?
Fact checked by Pete Rathburn Reviewed by David Kindness What Are Externalities? An externality is a cost or benefit related ...
"It's not a stable equilibrium, if we have these big divergences ... While the economics of the global currency market are clear, politics represent a wild card, Juckes said.