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    Renminbi Internationalization: Achievements, Prospects, and Challenges
    Unavailable
    Renminbi Internationalization: Achievements, Prospects, and Challenges
    Unavailable
    Renminbi Internationalization: Achievements, Prospects, and Challenges
    Ebook644 pages6 hours

    Renminbi Internationalization: Achievements, Prospects, and Challenges

    By Brookings Institution Press

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Meet 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.

    LanguageEnglish
    PublisherBrookings Institution Press
    Release dateFeb 11, 2015
    ISBN9780815726128
    Unavailable
    Renminbi Internationalization: Achievements, Prospects, and Challenges

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