The RMB in the Global Economy
Author:   Yin-Wong Cheung (University of California)
Publisher:   Cambridge University Press
ISBN:  

9781009236423


Pages:   75
Publication Date:   08 December 2022
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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The RMB in the Global Economy


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Overview

This 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 Details

Author:   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:  

9781009236423


ISBN 10:   1009236423
Pages:   75
Publication Date:   08 December 2022
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction; 2. Background; 3. RMB Misalignment; 4. RMB Internationalization; 5. Current Status; 6. Geopolitics; 7. Concluding Remarks; 8. Appendix; 9. References.

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