Renminbi Internationalization : Achievements, Prospects, and Challenges /

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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...

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Bibliographic Details
Other Authors: Kawai, Masahiro, 1947-, Eichengreen, Barry J.
Format: Electronic eBook
Language:Inglés
Published: Washington : Brookings Institution Press, 2015.
Series:Book collections on Project MUSE.
Subjects:
Renminbi.
Foreign exchange rates.
Economic policy.
Currency question.
POLITICAL SCIENCE > Public Policy > Economic Policy.
BUSINESS & ECONOMICS > Finance.
Taux de change > Chine.
Yuan.
Currency question > China.
Foreign exchange rates > China.
China.
Chine > Politique economique > 2000-
China > Economic policy > 2000-
Electronic books.
Online Access:Texto completo
Description
Summary: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
Physical Description:1 online resource (388 pages): illustrations
ISBN:9780815726128

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