TY - BOOK ID - 52586879 TI - The people's money PY - 2017 SN - 0231173466 0231543263 9780231543262 9780231173469 PB - New York DB - UniCat KW - Foreign exchange KW - Renminbi. KW - Finance KW - Monetary policy KW - CNY (Money) KW - Ren min bi KW - RMB (Money) KW - Yuan (Money) KW - Money KW - Cambistry KW - Currency exchange KW - Exchange, Foreign KW - Foreign currency KW - Foreign exchange problem KW - Foreign money KW - Forex KW - FX (Finance) KW - International exchange KW - International finance KW - Currency crises KW - China KW - Commerce. KW - Renminbi KW - E-books KW - S10/0320 KW - S10/0420 KW - S10/0470 KW - China: Economics, industry and commerce--Money and banking: since 1949 KW - China: Economics, industry and commerce--Public finance and taxation: since 1949 KW - China: Economics, industry and commerce--Commerce inside China: since 1949 UR - https://www.unicat.be/uniCat?func=search&query=sysid:52586879 AB - Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation-and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge?In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future. ER -