Renminbi Internationalization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Renminbi Internationalization write by Barry Eichengreen. This book was released on 2015-02-11. Renminbi Internationalization available 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.
The International Political Economy of the Renminbi
The International Political Economy of the Renminbi - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The International Political Economy of the Renminbi write by Hyoung-kyu Chey. This book was released on 2021-11-10. The International Political Economy of the Renminbi available 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.
Gaining Currency
Gaining Currency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Gaining Currency write by Eswar Prasad. This book was released on 2017. Gaining Currency available 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.
Internationalization of the RMB
Internationalization of the RMB - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Internationalization of the RMB write by International Monetary Institute of the RUC. This book was released on 2019-03-13. Internationalization of the RMB available 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.
Currency Internationalization: Global Experiences and Implications for the Renminbi
Currency Internationalization: Global Experiences and Implications for the Renminbi - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Currency Internationalization: Global Experiences and Implications for the Renminbi write by W. Peng. This book was released on 2009-11-30. Currency Internationalization: Global Experiences and Implications for the Renminbi available 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.
