LEADER 03412nam 2200577 450 001 9910827335203321 005 20200520144314.0 010 $a0-231-54326-3 024 7 $a10.7312/suba17346 035 $a(CKB)3710000000892313 035 $a(DE-B1597)478161 035 $a(OCoLC)979777072 035 $a(DE-B1597)9780231543262 035 $a(Au-PeEL)EBL4697124 035 $a(CaPaEBR)ebr11271827 035 $a(CaONFJC)MIL979153 035 $a(OCoLC)960165114 035 $a(MiAaPQ)EBC4697124 035 $a(EXLCZ)993710000000892313 100 $a20160331h20172017 uy| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe people's money $ehow China is building a global currency /$fPaola Subacchi 210 1$aNew York :$cColumbia University Press,$d[2017] 210 4$dİ2017 215 $a1 online resource (252 pages) 311 $a0-231-17346-6 320 $aIncludes bibliographical references and index. 327 $aMoney is the game changer -- China's extraordinary, but still unfinished transformation -- A financially repressed economy -- China: a trading nation without an international currency -- Living with a 'dwarf' currency -- Creating an international currency -- Building a market for the renminbi -- The renminbi moves around (and goes beyond the offshore market) -- The road to reforms -- The age of Chinese money. 330 $aMany of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation-and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge?In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future. 606 $aForeign exchange$zChina 606 $aRenminbi 606 $aFinance$zChina 606 $aMonetary policy$zChina 607 $aChina$xCommerce 615 0$aForeign exchange 615 0$aRenminbi. 615 0$aFinance 615 0$aMonetary policy 676 $a332.4/50951 700 $aSubacchi$b Paola$f1962-$01666486 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827335203321 996 $aThe people's money$94025771 997 $aUNINA