Research paper by Martin Šebeňa aims to provide a comparative analysis of the progress of the internationalization of the Chinese yuan (also known as renminbi or RMB) in the Visegrád countries, namely in Czechia, Hungary, Poland, and Slovakia.
This paper attempts to distinguish between individual agents that are involved in the pursuit of decision making and implementation of infrastructure that supports the internationalization of the Chinese currency. By doing so, it also attempts to provide an overview of items that an accepting country needs to clear in order to fully enable dealing in a new currency. Once this is completed, a reassessment the specific trajectories individual countries have traveled on their path towards embracing the Chinese currency will be provided.
Agent Level Analysis of RMB Internationalization in the Visegrád Countries