ENGLISH

Strategies for Internationalizing the Renminbi

By Yuanzheng Cao

Book information

Publisher
Springer Singapore
Year
2018
ISBN
978-981-13-0799-7;978-981-13-0800-0
Language
english
Format
PDF
Filesize
3 MB (2727265 bytes)
Series
Research Series on the Chinese Dream and China’s Development Path
Edition
1st ed.
Pages
XXXI, 213\242
Time added
2019-01-12 08:10:23
Economics; Macroeconomics/Monetary Economics//Fina

Description

This book presents the theoretical framework for the evolution of the international monetary system and the internationalization of the RMB. Combining theoretical research and empirical study, it then provides an in-depth analysis of the relevant issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the status and functions of the HK offshore financial market in internationalizing the RMB. Front Matter ....Pages i-xxxi Monetary Systems and the International Monetary System: Evolution and Reform (Yuanzheng Cao)....Pages 1-37 The Internationalization of the RMB: Origins and Challenges (Yuanzheng Cao)....Pages 39-66 Experiences of Internationalizing Sovereign Currencies and Lessons Learnt in the Process (Yuanzheng Cao)....Pages 67-108 Selecting a Path for RMB’s Internationalization (Yuanzheng Cao)....Pages 109-128 The Role of the Hong Kong Financial Market in the Process of Internationalizing the RMB (Yuanzheng Cao)....Pages 129-148 The Opening of the Capital Account and the Full Convertibility of the RMB (Yuanzheng Cao)....Pages 149-174 A Method for Accelerating the RMB’s Internationalization (Yuanzheng Cao)....Pages 175-189 The Prospect of Internationalizing the RMB (Yuanzheng Cao)....Pages 191-204 Back Matter ....Pages 205-213

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