Internationalization of the Rmb - Currency Strategy in the 'Belt and Road' Construction

Renminbi (RMB) internationalization and the "One Belt One Road" initiative are two important development strategies launched by China. From the perspectives of theoretical exploration, historical experience, and empirical research, this book discusses how the two strategies interact with each other. To start with, it introduces the current situation of RMB internationalization and the history of the Silk Road. Then it examines the mutual benefit relationship between the two strategies, emphasizing that commodity pricing and account settlement, infrastructure finance, industry development zone construction, and cross-border e-commerce should be the key to RMB internationalization.

List of contents

List of figures
List of tables
List of contributors
Introduction
Chapter 1 Internationalization Index of the Renminbi
Chapter 2 Current Situation of the Internationalization of RMB
Chapter 3 The Silk Road: From the Past to the Future
Chapter 4 The "Belt and Road" Initiative and RMB’s Internationalization: Reciprocity
Chapter 5 Choice on the Pricing Currency for the "Belt and Road" Traded Products
Chapter 6 RMB in the Infrastructure Finance of the Belt and Road Initiative
Chapter 7 Using Industrial Parks to Promote RMB’s Internationalization
Chapter 8 Supporting RMB’s Internationalization by E-commerce
Chapter 9 Conclusions and Proposals
Appendix 1 Helping Domestic Corporations "Go Out" with Financial Supports under the "Belt and Road" Initiative
Appendix 2 Offshore RMB Deposits, Loans, and Dim Sum Bonds: Review and Prospect
Appendix 3 International Comparison of Tax Policy in the Belt and Road Economies - based on the Five Central Asian Countries along the Silk Road
Appendix 4 Timeline of RMB Internationalization 2014
References
Index

About the author

International Monetary Institute of the RUC (IMI) was established on December 20, 2009. The IMI is a nonprofit academic institution and think tank focusing on research on monetary finance theory, policy, and strategy.

Summary

Renminbi (RMB) internationalization and the "Belt and Road" initiative are two important development strategies launched by China as a rising power. From the perspectives of theoretical exploration, historical experience and empirical research, this book discusses the mutually beneficial interaction between the two strategies.

Product details

• Authors: International Monetary Institute, International Monetary Institute (Renmin Universit, International Monetary Institute (Renmin University of China), International Monetary Institute of the, International Monetary Institute of the RUC, International Monetary Institute of the RUC, International Monetary Institute of the Ruc (Renmi
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 31.12.2018
• EAN: 9781138090002
• ISBN: 978-1-138-09000-2
• No. of pages: 308
• Series: China Perspectives; China Perspectives
• Subjects: Natural sciences, medicine, IT, technology > Geosciences > Geography; Social sciences, law, business > Business > General, dictionaries; China, Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Finance / Financial Engineering, Finance & accounting, Monetary Economics, Finance and accounting