This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globa...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Cheung, Yin-Wong ca. 20./21. Jh (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Cambridge Cambridge University Press 2022
Schlagworte:	Renminbi Foreign exchange / China
Online-Zugang:	BSB01 FWS01 FWS02 UBG01 URL des Erstveröffentlichers
Zusammenfassung:	This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is under-represented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors
Beschreibung:	Title from publisher's bibliographic system (viewed on 09 Nov 2022) Introduction -- Background -- RMB Misalignment -- RMB Internationalization -- Current Status -- Geopolitics -- Concluding Remarks
Beschreibung:	1 Online-Ressource (70 Seiten)
ISBN:	9781009236461
DOI:	10.1017/9781009236461