One Currency, Two Markets: China's Attempt to Internationalize the Renminbi

ISBN-13: 9781108491686 / Angielski / Twarda / 2021 / 340 str.

Edwin L.-C. (Hong Kong University of Science and Technology)

Opis

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Recenzje

'In a nutshell, Lai has written a book I admire greatly and will strongly recommend to my colleagues and students.' Ong Sheue-Li, Institutions and Economies

Spis treści

1. Introduction; 2. China's aversion to a floating exchange rate; 3. Why does China want to internationalize the RMB?; 4. China's strategy of internationalizing the RMB; 5. The importance of capital account liberalization; 6. The importance of financial sector reform; 7. The importance of the offshore RMB market; 8. The potential of the RMB as a payment currency; 9. The prospects of RMB internationalization.