Renminbi Internationalization - Achievements, Prospects, and Challenges (Paperback)

"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. "

General

Imprint:	Brookings Institution Press
Country of origin:	United States
Release date:	February 2015
Editors:	Barry Eichengreen • Masahiro Kawai
Dimensions:	234 x 156 x 34mm (L x W x T)
Format:	Paperback
Pages:	402
ISBN-13:	978-0-8157-2611-1
Categories:	Books > Business & Economics > Business & management > Business strategy Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > International finance
LSN:	0-8157-2611-2
Barcode:	9780815726111

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