Renminbi Internationalization

Achievements, Prospects, and Challenges

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, International
Cover of the book Renminbi Internationalization by , Brookings Institution Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780815726128
Publisher: Brookings Institution Press Publication: February 11, 2015
Imprint: Brookings Institution Press and ADBI Language: English
Author:
ISBN: 9780815726128
Publisher: Brookings Institution Press
Publication: February 11, 2015
Imprint: Brookings Institution Press and ADBI
Language: English

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 economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.

More books from Brookings Institution Press

Cover of the book ASEAN, PRC, and India by
Cover of the book The New Brazil by
Cover of the book Special Interest by
Cover of the book The Education of Kim Jong-Un by
Cover of the book The State of Nonprofit America by
Cover of the book Nationalism by
Cover of the book Appalachian Legacy by
Cover of the book Election Fraud by
Cover of the book To Serve the President by
Cover of the book Connecting Central Asia with Economic Centers by
Cover of the book Advancing the Rule of Law Abroad by
Cover of the book Still Ours to Lead by
Cover of the book Europe and America by
Cover of the book The Fog of Peace by
Cover of the book Saving Europe by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy