The Internationalization Of Currencies PDF Download
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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 | : Mr.Faisal Ahmed |
Publisher | : International Monetary Fund |
Total Pages | : 26 |
Release | : 2011-10-19 |
Genre | : Business & Economics |
ISBN | : 1463926529 |
Download Internationalization of Emerging Market Currencies Book in PDF, ePub and Kindle
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
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 | : 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 | : Ruogu Li |
Publisher | : World Scientific |
Total Pages | : 314 |
Release | : 2015-11-09 |
Genre | : Business & Economics |
ISBN | : 9814699063 |
Download Reform Of The International Monetary System And Internationalization Of The Renminbi Book in PDF, ePub and Kindle
This book argues that only by reforming the international monetary system can we prevent financial crises in the future and the internationalization of the Renminbi, China's national currency, will be an important step in the process.Just as the old saying goes, 'An old building needs to be demolished before a new one can be erected in its place,' there will be no construction without destruction. The commencement of the dismantling of the old monetary system is also the beginning of the construction of the new one. Contrary to Western rhetoric, which portrays China as part of the cause of the recent financial crisis, the author contends that China is actually a victim of the current unjust international economic and monetary system. To address the imbalance and break the dollar-dominated international monetary system, the author calls for the internationalization of the Renminbi and diversification of the international monetary system.Written by one of the foremost financial practitioners in China, this book is thought-provoking and provides a unique Chinese perspective on how the international monetary system should be reformed, what the future system should look like and the role China should play in the process. It is a required reading for anyone interested in understanding China's own vision in its rise in the global political, economic and financial systems.
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 | : 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 | : Roohi Prem |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 1997-03-01 |
Genre | : Business & Economics |
ISBN | : 145184476X |
Download International Currencies and Endogenous Enforcement Book in PDF, ePub and Kindle
This paper investigates the determinants of the international role of a currency. It argues that standard determinants such as monetary performance and financial openness are at best imperfect indicators of a currency’s stability prospects, because the issuer’s promise of stability is not exogenously enforceable. The paper advocates an enforcement approach to international currencies that make explicit the underlying incentive incompatibilities. Additional enforcement determinants of currency internationalization are identified. The model is estimated using time-series cross-sectional analysis for three data sets. Monetary performance-related standard determinants fail to exhibit explanatory power, whereas the enforcement determinants are strongly significant and robust.
Author | : International Monetary Institute |
Publisher | : Springer |
Total Pages | : 426 |
Release | : 2018-08-10 |
Genre | : Business & Economics |
ISBN | : 9811306982 |
Download Currency Internationalization and Macro Financial Risk Control Book in PDF, ePub and Kindle
This book collects expert opinions, research, and risk assessments from within the Chinese financial policy establishment on prospects for the internationalization of the renminbi as a reserve currency around the world. As China's economy diversifies in the acquisition of global assets, the renminbi may partially displace the dollar or yen as a reserve currency, with unpredictable and profound potential consequences. This book, presenting for the first time in English, the Chinese perspective on the internationalization of the Chinese currency will be of great value to central bankers, financiers, and students of international finance.