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This book presents the theoretical framework for the evolution of the international monetary system and the internationalization of the RMB. Combining theoretical research and empirical study, it then provides an in-depth analysis of the relevant issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the status and functions of the HK offshore financial market in internationalizing the RMB.
Monetary policy --- Renminbi. --- International finance. --- International monetary system --- International money --- Finance --- International economic relations --- CNY (Money) --- Ren min bi --- RMB (Money) --- Yuan (Money) --- Money --- Macroeconomics. --- International economics. --- Banks and banking. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Economics. --- Banking. --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Financial institutions --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Economics
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This book presents the theoretical framework for the evolution of the international monetary system and the internationalization of the RMB. Combining theoretical research and empirical study, it then provides an in-depth analysis of the relevant issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the status and functions of the HK offshore financial market in internationalizing the RMB.
Macroeconomics --- Private finance --- Foreign trade. International trade --- banken --- wereldeconomie --- macro-economie --- internationale economie --- bankwezen
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