LEADER 03625nam 2200661 450 001 9910460628303321 005 20200520144314.0 010 $a0-8157-2612-0 035 $a(CKB)3710000000335799 035 $a(EBL)1816353 035 $a(SSID)ssj0001404788 035 $a(PQKBManifestationID)11898202 035 $a(PQKBTitleCode)TC0001404788 035 $a(PQKBWorkID)11386951 035 $a(PQKB)10995676 035 $a(MiAaPQ)EBC1816353 035 $a(OCoLC)903232687 035 $a(MdBmJHUP)muse37681 035 $a(Au-PeEL)EBL1816353 035 $a(CaPaEBR)ebr11003345 035 $a(CaONFJC)MIL691979 035 $a(OCoLC)900343733 035 $a(EXLCZ)993710000000335799 100 $a20150121h20152015 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRenminbi internationalization $eachievements, prospects and challenges /$fBarry Eichengreen and Masahiro Kawai, editors ; contributors Yin-Wong Cheung [and nineteen others] 210 1$aTokyo, Japan ;$aWashington, District of Columbia :$cAsian Development Bank Institute :$cBrookings Institution Press,$d2015. 210 4$dİ2015 215 $a1 online resource (401 p.) 300 $aIncludes index. 311 $a0-8157-2611-2 320 $aIncludes bibliographical references and index. 327 $aFront 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 327 $aRegional 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 330 $aMeet 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 606 $aRenminbi 606 $aForeign exchange rates$zChina 606 $aCurrency question$zChina 607 $aChina$xEconomic policy$y2000- 608 $aElectronic books. 615 0$aRenminbi. 615 0$aForeign exchange rates 615 0$aCurrency question 676 $a332.4/560951 702 $aEichengreen$b Barry J. 702 $aKawai$b Masahiro$f1947- 702 $aCheung$b Yin-Wong 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460628303321 996 $aRenminbi internationalization$92474171 997 $aUNINA