03591nam 2200649 450 991078744670332120230807212529.00-8157-2612-0(CKB)3710000000335799(EBL)1816353(SSID)ssj0001404788(PQKBManifestationID)11898202(PQKBTitleCode)TC0001404788(PQKBWorkID)11386951(PQKB)10995676(MiAaPQ)EBC1816353(OCoLC)903232687(MdBmJHUP)muse37681(Au-PeEL)EBL1816353(CaPaEBR)ebr11003345(CaONFJC)MIL691979(OCoLC)900343733(EXLCZ)99371000000033579920150121h20152015 uy 0engur|n|---|||||txtccrRenminbi internationalization achievements, prospects and challenges /Barry Eichengreen and Masahiro Kawai, editors ; contributors Yin-Wong Cheung [and nineteen others]Tokyo, Japan ;Washington, District of Columbia :Asian Development Bank Institute :Brookings Institution Press,2015.©20151 online resource (401 p.)Includes index.0-8157-2611-2 Includes bibliographical references and index.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 InternationalizationRegional 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 CoverMeet 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 ChineseRenminbiForeign exchange ratesChinaCurrency questionChinaChinaEconomic policy2000-Renminbi.Foreign exchange ratesCurrency question332.4/560951Eichengreen Barry J.Kawai Masahiro1947-Cheung Yin-WongMiAaPQMiAaPQMiAaPQBOOK9910787446703321Renminbi internationalization3799946UNINA