[DOWNLOAD] "Renminbi Internationalization" by Barry Eichengreen & Masahiro Kawai # Book PDF Kindle ePub Free
eBook details
- Title: Renminbi Internationalization
- Author : Barry Eichengreen & Masahiro Kawai
- Release Date : January 11, 2015
- Genre: Public Administration,Books,Politics & Current Events,
- Pages : * pages
- Size : 11848 KB
Description
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 inter-national 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.