Currency internationalization
Subtitle: global experiences and implications for the renminbi
By: edited by Wensheng Peng, Chang Shu.
Contributors: Peng, Wensheng, 1966-; Shu, Chang, 1971-
Publisher: Palgrave Macmillan
Published: 2009
Place of publication: New York
Language: eng
ISBN-13: 9780230580497
Subjects: Foreign exchange rates -- China; Monetary policy -- China; Renminbi
Description: "This is the first book to collect academic studies examining issues related to the potential internationalization of the remninbi. It considers polisy 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"--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: 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.