Contents

In Brief

Research Review by IMI Advisory Board

Research Review by IMI Academic Committee

Research Report

RMB Internationalization Report 2016 (Press Release)

2016 Report on the Chinese Banks’ Internationalization—Bench Marking Global Leaders

Special Column on RMB’s Inclusion into the SDR Basket

The Nexus between SDR Accounting and Use of RMB by Herbert Poenisch

Renminbi in the SDR Basket: Implications for China and the Global Financial System by Wanda Sung Hwa Tseng

Working Paper

FDI and Economic Development: Evidence from China’s Regional Growth by Liu Xiangbo, Luo Yu, Qiu Zhigang and Zhang Ru

Global Sluggish Growth and Negative Real Interest Rate by Il Houng Lee

Reforming the International Monetary System-A Sequence Agenda by Michel Camdessus and Anoop Singh

Contribution by Chinese Banks to RMB Internationalization by Herbert Poenisch

IMI News