The People's Money How China Is Building a Global Currency
The People's Money: How China Is Building a Global Currency

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 expens...

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Bibliographische Detailangaben
1. Verfasser: Subacchi, Paola 1962- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York, NY Columbia University Press [2016]
Schlagworte:
Finance > China
Foreign exchange > China
Monetary policy > China
Renminbi
Währungssystem
Währungspolitik
China
Online-Zugang:DE-1043
DE-1046
DE-858
DE-Aug4
DE-898
DE-859
DE-860
DE-473
DE-739
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Zusammenfassung: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
Beschreibung:Description based on online resource; title from PDF title page (publisher's Web site, viewed Dec. 14, 2016)
Beschreibung:1 online resource
ISBN:9780231543262
DOI:10.7312/suba17346

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