swaptrade

Published: 24 September 2026| Version 1 | DOI: 10.17632/wg8k9bg7r5.1
Contributor:
kenan li

Description

Based on trade invoicing theory, the theoretical model constructed in this paper shows that PBoC currency swaps alter the conditions under which the banking sector obtains RMB liquidity, thereby affecting firms' demand for RMB as an invoicing currency.

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Categories

Trade, Central Bank, Currency Exchange Rate

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