Internationalization of the Rmb: Establishment and Development of Rmb Offshore Markets

ISBN-13: 9781138651708 / Angielski / Twarda / 2016 / 240 str.

International Monetary Institute;¬Abar;¬Abar

Opis

The International Monetary Institution of Renmin University of China (IMI) publishes reports on the internationalization of RMB, consisted of the Renminbi Internationalization Index (RII) it created and one topic, the off-shore RMB markets. This book summarizes theoretical implication between currency internationalization process and its off-shore market development by studying several major international currencies - historical developments. It reviews the recent development of RMB off-shore markets, identifies key opportunities and challenges, and proposes some suggestions to policy makers and market practitioners. It presents the belief that the RII will continue to rise as Renminbi plays a more and more important role in international trades and financial transactions. The establishment and development of Renminbi off-shore markets will facilitate the internationalization process of RMB."

Spis treści

1.Renminbi Internationalization Index 2. Current Situation of the Internationalization of Renminbi; 3. Public Opinions and Observations; 4. Currency Internationalization and Offshore Market: Historical Implication; 5. Current Situation and the Future of Offshore RMB Market; 6. Challenges to Building the Offshore RMB Market; 7. Conclusions and Suggestions;Appendix 1 Taxation Comparison of Offshore Financial Centers;Appendix 2: Chronicle of Events of RMB Internationalization;Postscript

O autorze

Established on December 20, 2009, International Monetary Institute (IMI) is a non-profit academic institution and think tank focusing on monetary finance theory, policy and strategy research.