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OverviewThis Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is under-represented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors. Full Product DetailsAuthor: Yin-Wong Cheung (University of California)Publisher: Cambridge University Press Imprint: Cambridge University Press Dimensions: Width: 15.20cm , Height: 0.50cm , Length: 22.80cm Weight: 0.140kg ISBN: 9781009236423ISBN 10: 1009236423 Pages: 75 Publication Date: 08 December 2022 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction; 2. Background; 3. RMB Misalignment; 4. RMB Internationalization; 5. Current Status; 6. Geopolitics; 7. Concluding Remarks; 8. Appendix; 9. References.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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