Strategies for Internationalizing the Renminbi

Beschreibung

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.
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.
Offers an in-depth analysis of the possible ways of internationalizing the RMB Demonstrates the necessity of internationalizing the RMB for developing the world economy Explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB Analyzes the status and functions of the HK offshore financial market in internationalizing the RMB Written by respected researcher and practitioner

Autor*in

Yuanzheng Cao

Themen in »Strategies for Internationalizing the Renminbi«

RMB internationalizing Chinese Yuan internationalizing China’s financial system International monetary system Regional economic system banking

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