| Internationalization of the RMB: Establishment and Development of RMB Offshore Markets Contributor(s): International Monetary Institute (Author) |
|
 |
ISBN: 036751656X ISBN-13: 9780367516567 Publisher: Routledge OUR PRICE: $33.20 Product Type: Paperback - Other Formats Published: April 2020 |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Investments & Securities - General - Business & Economics | Foreign Exchange |
| Dewey: 332.450 |
| Physical Information: 0.53" H x 6.14" W x 9.21" (0.79 lbs) 240 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: As from 2012, the International Monetary Institution (IMI) of the Renmin University of China publishes annual reports on the internationalization of RMB. This series of annual reports create and publish the RMB Internationalization Index (RII). Besides, they focus on one topic in each year's report. This book focuses on the offshore RMB markets. It studies several major international currencies' historical developments to summarize theoretical implications between currency internationalization process and its offshore market development. It reviews the recent development of RMB offshore markets, identifies key opportunities and challenges, and proposes some suggestions to policy makers and market practitioners. The RII will continue to rise as the RMB plays a more and more important role in international trades and financial transactions. The establishment and development of RMB offshore markets will facilitate the internationalization process of the RMB. |
