Currency Internationalization: Global Experiences and Implications for the Renminbi

by W. Peng (Editor), C. Shu (Editor)

Overview

This is the first book to collect academic studies examining issues related to the potential internationalization of the Renminbi. It considers policy implications, documents the rising regional importance of the Renminbi and discusses key issues in the increasing use of the Renminbi in international trade and finance.

Product Details

ISBN-13:	9781349368488
Publisher:	Palgrave Macmillan UK
Publication date:	11/30/2009
Edition description:	1st ed. 2010
Pages:	242
Product dimensions:	5.51(w) x 8.50(h) x 0.02(d)

About the Author

WENSHENG PENG is Head of China Research in Barclays Capital, responsible for macroeconomic and financial market research on China.

CHANG SHU leads a team monitoring and researching into macroeconomic, monetary and financial issues on Mainland China for the Hong Kong Monetary Authority.

Table of Contents

List of Figures List of Tables Notes on Contributors Foreword PART I: INTERNATIONAL EXPERIENCES Global Roles of Currencies External Use of the African Rand Internationalizing a Currency: The Case of the Australian Dollar Foreign Exchange Liberalization and its Implications: The Case of the Korean Won PART II: ISSUES ON INTERNATIONAL USE OF RENMINBI The Potential of the Renminbi as an International Currency Pros and Cons of International Use of the RMB for China Renminbi Internationalization: Empirical and Policy Analysis The Effects of the Internationalization of Renminbi on the Finance Industry of China Internationalization of the Renminbi and its Implications for Monetary Policy Impact of the Renminbi Exchange Rate on Asian Currencies Notes Bibliography Index