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Author | : Edwin L.-C. Lai |
Publisher | : Cambridge University Press |
Total Pages | : 347 |
Release | : 2021-07-08 |
Genre | : Business & Economics |
ISBN | : 1108491685 |
Download One Currency, Two Markets Book in PDF, ePub and Kindle
Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.
Author | : Barry Eichengreen |
Publisher | : Brookings Institution Press |
Total Pages | : 401 |
Release | : 2015-02-11 |
Genre | : Political Science |
ISBN | : 0815726120 |
Download Renminbi Internationalization Book in PDF, ePub and Kindle
A Brookings Institution Press and Asian Development Bank Institute publication 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.
Author | : Gang Meng |
Publisher | : World Scientific |
Total Pages | : 373 |
Release | : 2019-10-30 |
Genre | : Business & Economics |
ISBN | : 9813278919 |
Download China's Belt And Road Initiative And Rmb Internationalization Book in PDF, ePub and Kindle
The Chinese economy has long been emphasizing globalization. Many factors including domestic currency policies, exchange policies and cross-border capital flow are becoming increasingly complex. Therefore, China is steadily pushing forward RMB internationalization to meet the market requirements emerging from global cooperation that has resulted from the Belt and Road Initiative.In the perspective of currency development, the internationalization of RMB is a general trend and a historical choice. As an important measure of China to fully open up and integrate with international community, the Belt and Road Initiative intends to effectively connect relevant countries, from different areas such as policies, roads, trade, capital and popular support. The financial cooperation based on domestic currencies is an important aspect of the Belt and Road Initiative, and an important means to meet the financial needs of various countries. Financing of Belt and Road Initiative-related projects is clearly helpful for China in adopting more active policies in capital account convertibility and RMB internationalization and to accelerate the process of RMB internationalization.
Author | : Yuanzheng Cao |
Publisher | : Springer |
Total Pages | : 213 |
Release | : 2018-08-29 |
Genre | : Business & Economics |
ISBN | : 9811308004 |
Download Strategies for Internationalizing the Renminbi Book in PDF, ePub and Kindle
This book presents the theoretical framework for the evolution of the international monetary system and the internationalization of the RMB. Combining theoretical research and empirical study, it then provides an in-depth analysis of the relevant issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the status and functions of the HK offshore financial market in internationalizing the RMB.
Author | : Siwei Cheng |
Publisher | : World Scientific |
Total Pages | : 395 |
Release | : 2015-04-29 |
Genre | : Business & Economics |
ISBN | : 9814644676 |
Download Rmb: Towards Internationalization Book in PDF, ePub and Kindle
RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development.
Author | : Eswar Prasad |
Publisher | : Oxford University Press |
Total Pages | : 345 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0190631058 |
Download Gaining Currency Book in PDF, ePub and Kindle
China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.
Author | : W. Peng |
Publisher | : Springer |
Total Pages | : 261 |
Release | : 2009-11-30 |
Genre | : Business & Economics |
ISBN | : 0230245781 |
Download Currency Internationalization: Global Experiences and Implications for the Renminbi Book in PDF, ePub and Kindle
This is the first book to collect academic studies examining issues related to the potential internationalization of the Renminbi. It considers policy implications, documents the rising regional importance of the Renminbi and discusses key issues in the increasing use of the Renminbi in international trade and finance.
Author | : Hyoung-kyu Chey |
Publisher | : Routledge |
Total Pages | : 186 |
Release | : 2021-11-10 |
Genre | : Business & Economics |
ISBN | : 1000473430 |
Download The International Political Economy of the Renminbi Book in PDF, ePub and Kindle
Although the internationalization of the Chinese renminbi is an important international political event, most of the studies of it place their analytical focuses largely just on China itself, the issuer of the currency. In contrast, this book addresses the question of how foreign states have responded to the renminbi’s internationalization, during its initial phase through the 2010s, and thereby breaks new ground in exploring the international politics of currency internationalization. It builds a theoretical framework for analyzing a state’s policy toward renminbi internationalization, developing the key concept of reactive currency statecraft. It then applies this framework to the four select cases of the United Kingdom, Japan, South Korea and the United States. This book reveals that all four of these countries have deliberately utilized their policies related to renminbi internationalization as means of achieving their own foreign policy goals associated with China, goals that have been principally economic in some cases but political in others. Remarkably, the predominant mode of response to the renminbi’s internationalization has been accommodative. Even the United States and Japan—China’s chief geopolitical and also international currency rivals—have never attempted to actively suppress it. This study provides new insights to anyone concerned with the transformation of the world monetary order, while also contributing a valuable analysis of the international politics surrounding the rise of China.
Author | : Yin-Wong Cheung |
Publisher | : Cambridge University Press |
Total Pages | : 119 |
Release | : 2022-12-08 |
Genre | : Business & Economics |
ISBN | : 1009236431 |
Download The RMB in the Global Economy Book in PDF, ePub and Kindle
This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is under-represented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors.
Author | : International Monetary Institute of the RUC |
Publisher | : Routledge |
Total Pages | : 285 |
Release | : 2019-03-13 |
Genre | : Business & Economics |
ISBN | : 1351611208 |
Download Internationalization of the RMB Book in PDF, ePub and Kindle
Renminbi (RMB) internationalization and the “One Belt One Road” initiative are two important development strategies launched by China. From the perspectives of theoretical exploration, historical experience, and empirical research, this book discusses how the two strategies interact with each other. To start with, it introduces the current situation of RMB internationalization and the history of the Silk Road. Then it examines the mutual benefit relationship between the two strategies, emphasizing that commodity pricing and account settlement, infrastructure finance, industry development zone construction, and cross-border e-commerce should be the key to RMB internationalization.