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Record Nr. |
UNINA9910460628303321 |
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Titolo |
Renminbi internationalization : achievements, prospects and challenges / / Barry Eichengreen and Masahiro Kawai, editors ; contributors Yin-Wong Cheung [and nineteen others] |
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Pubbl/distr/stampa |
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Tokyo, Japan ; ; Washington, District of Columbia : , : Asian Development Bank Institute : , : Brookings Institution Press, , 2015 |
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©2015 |
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ISBN |
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Descrizione fisica |
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1 online resource (401 p.) |
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Disciplina |
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Soggetti |
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Renminbi |
Foreign exchange rates - China |
Currency question - China |
Electronic books. |
China Economic policy 2000- |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Front Cover; Title Page; Copyright Information; Table of Contents; Foreword; Preface; Introduction and Overview; Part One: The Context; Will History Repeat Itself? Lessons for the Yuan; How Far Can Renminbi Internationalization Go?; Part Two: The Implications; Global Ramifications of the Renminbi's Ascendance; The Rise of the Redback: Evaluating the Prospects for Renminbi Use in Invoicing; The Renminbi and Exchange Rate Regimes in East Asia; Part Three: The Process; The Role of Offshore Financial Centerse in the Process of Renminbi Internationalization |
Regional Settlement Infrastructure and Currency Internationalization: the Case of Asia and the RenminbiAre the People's Republic of China Financial Markets Deep and Liquid Enough for Renminbi Internationalization?; Part Four: The View from the People's Republic of China; Paths to a Reserve Currency: Renminbi Internationalization and Its Implications; The Benefits and Costs of Renminbi Internationalization; Contributors; Index; Back Cover |
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Sommario/riassunto |
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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 |
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