Renminbi Internationalization print on demand - Achievements, Prospects, and Challenges

Informationen zum Autor Edited by Barry Eichengreen and Masahiro Kawai Klappentext "A Brookings Institution Press and Asian Development Bank Institute publicationMeet 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." Zusammenfassung Following the global financial crisis of 2008! China's major monetary policy objective is the internationalization of the renminbi! that is! to create an international role for its currency akin to the international role currently played by the US dollar. This book deals with this topic.

Product details

• Authors: Barry (EDT)/ Kawai Eichengreen
• Assisted by: Barry Eichengreen (Editor), Eichengreen Barry (Editor), Masahiro Kawai (Editor), Kawai Masahiro (Editor)
• Publisher: Brookings Institution Press
• Languages: English
• Product format: Paperback / Softback
• Released: 11.02.2015
• EAN: 9780815726111
• ISBN: 978-0-8157-2611-1
• Dimensions: 155 mm x 235 mm x 25 mm
• Subjects: Social sciences, law, business > Political science > Political science and political education; China, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Development / Economic Development, Business innovation, economic growth, International Economics, Monetary Economics, International Finance