The Prevention of Systematic Risks and the Framework for Macro-Prudential Policies

  • International Monetary InstituteEmail author


In December 2015, RMB joined the SDR basket. Marking international recognition to a greater extent, this event is a milestone in RMB internationalization. Accelerating the marketization of exchange rates and liberalization of capital accounts, it also forces China’s financial system to open up further.

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Renmin University of ChinaBeijingChina

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