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.
General
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