Rmb: Towards Internationalization

by Siwei Cheng

Overview

RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development.

Product Details

ISBN-13:	9789814644655
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	05/06/2015
Pages:	396
Product dimensions:	6.00(w) x 9.00(h) x 0.88(d)

Table of Contents

Preface v

Chapter 1 RMB Internationalization Is an Irreversible Trend 1

Chapter 2 Exchange Rates under the Perspective of Fictitious Economy 33

Chapter 3 The Choice of Exchange Rate Arrangement - Empirical Analysis 89

Chapter 4 The Choice of Exchange Rate Arrangement - Case Study 159

Chapter 5 Evolution of the RMB Exchange Rate Regime 223

Chapter 6 The Determination of a Central Rate for the RMB 241

Chapter 7 The Opening Up of Capital Account 293

Chapter 8 Path to RMB Internationalization 335

Index 381