Renminbi Internationalization
Synopsis
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.
- प्रतिलिपि अधिकार:
- 2015 Asian Development Bank Institute The Brookings Institution
Book Details
- Book Quality:
- ISBN-13:
- 9780815726128
- Publisher:
- Brookings Institution Press and Asian Development Bank Institute
- Date of Addition:
- 2015-03-23T21:56:33Z
- भाषा:
- English
- Categories:
- Usage Restrictions:
- This is a copyrighted book.