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Renminbi internationalization : achievements, prospects and challenges / Barry Eichengreen and Masahiro Kawai, editors ; contributors Yin-Wong Cheung [and nineteen others].
- Format:
- Book
- Language:
- English
- Subjects (All):
- Currency question.
- Renminbi.
- Foreign exchange rates.
- Economic policy.
- Currency question--China.
- Foreign exchange rates--China.
- China--Economic policy--2000-.
- China.
- Physical Description:
- 1 online resource (401 p.)
- Edition:
- 1st ed.
- Distribution:
- New York : Bloomsbury Publishing(US), 2015.
- Place of Publication:
- Tokyo : Asian Development Bank Institute ; Washington : Brookings Institution Press, 2015.
- Language Note:
- English
- Summary:
- Meet the next global currency: the Chinese renminbi, or the ""redback."" Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar.Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese
- Contents:
- Front Cover; Title Page; Copyright Information; Table of Contents; Foreword; Preface; Introduction and Overview; Part One: The Context; Will History Repeat Itself? Lessons for the Yuan; How Far Can Renminbi Internationalization Go?; Part Two: The Implications; Global Ramifications of the Renminbi's Ascendance; The Rise of the Redback: Evaluating the Prospects for Renminbi Use in Invoicing; The Renminbi and Exchange Rate Regimes in East Asia; Part Three: The Process; The Role of Offshore Financial Centerse in the Process of Renminbi Internationalization
- Regional Settlement Infrastructure and Currency Internationalization: the Case of Asia and the RenminbiAre the People's Republic of China Financial Markets Deep and Liquid Enough for Renminbi Internationalization?; Part Four: The View from the People's Republic of China; Paths to a Reserve Currency: Renminbi Internationalization and Its Implications; The Benefits and Costs of Renminbi Internationalization; Contributors; Index; Back Cover
- Notes:
- Includes index.
- Includes bibliographical references and index.
- Print version record.
- ISBN:
- 0-8157-5123-0
- 0-8157-2612-0
- OCLC:
- 903232687
- Publisher Number:
- EB00641853 Recorded Books
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