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Internationalization of the RMB: Establishment and Development of RMB Offshore Markets
Hardcover
Series: China Perspectives
ISBN13: 9781138651708
Publisher: Routledge
Published: Jun 22 2016
Pages: 240
Weight: 1.17
Height: 0.63 Width: 6.14 Depth: 9.21
Language: English
As from 2012, the International Monetary Institution (IMI) of the Renmin University of China publishes annual reports on the internationalization of RMB. This series of annual reports create and publish the RMB Internationalization Index (RII). Besides, they focus on one topic in each year's report. This book focuses on the offshore RMB markets. It studies several major international currencies' historical developments to summarize theoretical implications between currency internationalization process and its offshore market development. It reviews the recent development of RMB offshore markets, identifies key opportunities and challenges, and proposes some suggestions to policy makers and market practitioners. The RII will continue to rise as the RMB plays a more and more important role in international trades and financial transactions. The establishment and development of RMB offshore markets will facilitate the internationalization process of the RMB.
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Internationalization of the RMB: Establishment and Development of RMB Offshore Markets
International Monetary Institute
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