Topic: Chinese currency internationalization
Question: Why following indicators: IMF COFER, Bilateral currency swap, SDR basket, currencies pegged and share as international payment currency are regarded as better mediums in understanding the progress of a currency towards internationalization then following indicators: equity and bonds, RMB assets held by overseas institutions within China, FDI, ODI and commodity priced in RMB?
Personally, I didn’t get the point why, cause I though they are all part of the internationalization process. But it turns out there is a difference, so little help would be really welcome.
