{"status":"ok","message-type":"work-list","message-version":"1.0.0","message":{"facets":{},"total-results":5,"items":[{},{"abstract":"<jats:p>In November 2015, the IMF included the Chinese Renminbi in its SDR basket, which helps internationalize this currency. This study investigates the Renminbi-denominated bond issuances around this event. This inclusion event has a certification effect that creates a boom in issuance of RMB-denominated offshore bonds (Dim-Sum bonds). The increase in issuance volume of Dim-Sum bonds is driven primarily by firms from countries that are less friendly with China diplomatically, which suggests that the certification event is more effective on these issuers. The inclusion of Renminbi in the IMF SDR also reduces the valuation disparity between onshore and offshore Renminbi, which further promotes the proliferation of Renminbi bonds globally.<\/jats:p>"},{},{"abstract":"<jats:p>Les Portes de Fer repr\u00e9sentent un point central dans l'espace roumain. C'est un secteur de rencontre entre la montagne, les Carpates, et le fleuve, le Danube qui sert \u00e9galement de fronti\u00e8re avec l'ex-Yougoslavie. C'est aussi un complexe hydro\u00e9nerg\u00e9tique de premier plan, constitu\u00e9 de 2 barrages hydro-\u00e9lectriques. Ils fournissent une part importante de l'\u00e9lectricit\u00e9 d' un pays en plein red\u00e9ploiement \u00e9conomique et industriel. <\/jats:p>\n     <jats:p>N\u00e9anmoins, on peut se demander s'il existe un impact de ces deux barrages sur la dynamique fluviale danubienne. La diminution du transit s\u00e9dimentaire semble en \u00eatre la principale forme. Elle pourrait expliquer en partie le recul constat\u00e9 de certains secteurs du delta du Danube situ\u00e9 en aval.<\/jats:p>"},{}],"items-per-page":20,"query":{"start-index":0,"search-terms":null}}}