Renminbi Internationalization

Name: Renminbi Internationalization
Brand: Brookings Institution
SKU: 9780815726111
Price: 277.54 RON
Availability: InStock

Autor: Barry Eichengreen, Masahiro Kawai

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Legare: Carte broșată

Editura: Brookings Institution

Disponibilitate: În depozitul extern

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277.54 lei

Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financia...

Informații despre carte

Autor

Barry Eichengreen, Masahiro Kawai

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2015

Pagini

402

EAN

9780815726111

ISBN

0815726112

Enbook ID

05073848

Editura

Brookings Institution

Greutate

624

Dimensiuni

157 x 237 x 34

Descriere completă

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 international 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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