Renminbi Internationalization Achievements, Prospects, and Challenges
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Sprache:Englisch
Fr. 49.90
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
11.02.2015
Herausgeber
Barry Eichengreen + weitereVerlag
Rowman & LittlefieldSeitenzahl
402
Maße (L/B/H)
23.4/15.6/2.4 cm
Gewicht
682 g
Sprache
Englisch
ISBN
978-0-8157-2611-1
" 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. "
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