Contents：

In Brief

-Research Review by IMI Advisory Board Members

-Research Review by IMI Academic Committee Members

Research Report

-Changes in International Trade Structure and the Internationalization of RMB by Chen Yulu

-The Dynamics and Outlook for RMB Internationalization, Report on RMB Internationalization, Q1/2014

Working Paper

-Monetary Policy and Systemic Risk in China by Gang Jianhua and Qian Zongxin

-Recent Macroeconomic Stability in China by He Qing and Chen Haiqiang

-Inflation and Economic Growth: A Hump-shaped Relationship by Liu Xiangbo

IMI News