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The Swift Institute: The complicated path of RMB internationalisation

At the end of January 2013 the Bank for International Settlements (BIS) released its preliminary international banking statistics for the period up to September 2012. The aggregate level data suggested only very modest improvement in international bank lending activities (external assets of US$29.41 trillion) broadly consistent with an international economy not so much stalling but operating in very low gear…By Jonathan A. Batten and Dr Peter G. Szilagyi…”

Read the full article [ft.com]