Description

In this presentation on RMB Internationalisation we shall explore the politics, economics and mechanics of this widely discussed phenomenon, particularly in light of the more recent capital flight from China and long-term financial reform of the PRC economy. We will address settlement (payment) issues, drawing parallels to the situation of another major Asian currency, the JPY. Focus of the presentation and discussion will be on the demand of various external actors on holding RMB balances inside and outside of the PRC.

About The Speaker

Gunter Dufey or “GD” as he is known among friends and colleagues, is Professor Emeritus of The University of Michigan Ross School in Ann Arbor, MI USA and Consultant on the faculty of Banking and Finance, Nanyang Business School, Singapore where he taught since 2000. Parts of his academic career were spent at Stanford (USA), University of Texas, Wirtschaftuniversitat Wien (Austria), St Gallen (Switzerland) and Universitat des Saarlandes (Germany) where he was appointed Honorary Professor. His research interest focus on risk management, intl. financial markets and corporate governance. He has published widely. Parallel to his academic career, he worked for extended periods with a number of multinational companies and government agencies, such as Dow Chemical, the US Department of Treasure, Texas Instruments, the Ministry of Finance – FAIR in Tokyo and the Pacific Rim Bankers Program, Seattle, USA,. He continues to serve on the Boards of Guinness/Atkinson, USA and until recently on several subsidiaries of Ally Financial (GMAC), Detroit and Toronto.