Gaining Currency - The Rise of the Renminbi

Zusatztext Investment managers planning to enter the Chinese financial markets will find an excellent guide in Eswar Prasad, author of Gaining Currency: The Rise of the Renminbi, a clear and even fascinating account of the structures and quirks of China's financial markets. Prasad, a former research economist at the IMF (International Monetary Fund) and now a professor at Cornell University, combines a practitioner's technical grasp of the subject with a nonacademic clarity of style that will enlighten novices as well as professionals experienced in Chinese finance. Informationen zum Autor Eswar S. Prasad is Tolani Senior Professor of Trade Policy at Cornell University, Senior Fellow and New Century Chair in International Economics at the Brookings Institution, and Research Associate at the National Bureau of Economic Research. He is a former head of the IMF's China Division and author of The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance. Klappentext China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown. Zusammenfassung China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown. Inhaltsverzeichnis 1. A Historical Prologue 2. Currency Concepts 3. Capital Account Opening 4. The Exchange Rate Regime 5. Promoting International Use of the Currency 6. Reserve Currency 7. The Mirage of Safety 8. Could China Stumble? 9. Rising Global Influence 10. Endnote Appendix A: Implications of the RMB's Rise for the U.S. Appendix B: Data Tables ...

Product details

• Authors: Eswar S Prasad, Eswar S. Prasad, Eswar S. (Tolani Senior Professor of Trade Prasad, Eswar S. (Tolani Senior Professor of Trade Policy Prasad, Prasad Eswar S.
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 24.11.2016
• EAN: 9780190631055
• ISBN: 978-0-19-063105-5
• No. of pages: 344
• Subjects: Social sciences, law, business > Business > Economics; China, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / International Relations / General, BUSINESS & ECONOMICS / Banks & Banking, Banking, BUSINESS & ECONOMICS / Public Finance, POLITICAL SCIENCE / World / Asian, Economic history, Political Economy, Monetary Economics, International institutions, Public finance, Public finance and taxation, International institutions / intergovernmental organizations