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 The Fifth Estate by
Cover of the book Monnet's Brandy and Europe's Fate by
Cover of the book Digital Schools by
Cover of the book Between Religion and Politics by
Cover of the book A Deadly Triangle by
Cover of the book Samudra Manthan by
Cover of the book Militants, Criminals, and Warlords by
Cover of the book Kazakhstan by
Cover of the book China's Global Engagement by
Cover of the book Catalyzing Development by
Cover of the book Presidential Pork by
Cover of the book The Resilient Sector Revisited by
Cover of the book Why Forests? Why Now? by
Cover of the book Governing the Nile River Basin by
Cover of the book India Transformed 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