Renminbi Internationalization: Achievements, Prospects, and Challenges

Barry Eichengreen (Curatore)

Masahiro Kawai (Curatore)

Rowman & Littlefield, 2015

"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. "

• Curatore: Barry Eichengreen, Masahiro Kawai
• Editore: Rowman & Littlefield
• Anno: 2015
• Rilegatura: Paperback / softback
• Pagine: 402 p.
• Dimensioni: 234 x 156 mm
• Peso: 454 gr.
• EAN: 9780815726111

Testo in English