| 000 | 01481cam a22001818i 4500 | ||
|---|---|---|---|
| 020 | _a9781009236423 | ||
| 082 | 0 | 0 | _b3 |
| 100 | 1 | _aCheung, Yin-Wong, | |
| 245 | 1 | 4 |
_aThe RMB in the global economy / _cYin-Wong Cheung, University of California. |
| 264 | 1 |
_aCambridge, United Kingdom ; _aNew York, NY : _bCambridge University Press, _c2022. |
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| 300 |
_a70 _bill; |
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| 490 | 0 | _aCambridge elements in international economics | |
| 505 | 0 | _aIntroduction -- Background -- RMB Misalignment -- RMB Internationalization -- Current Status -- Geopolitics -- Concluding Remarks. | |
| 520 | _a"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 underrepresented 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"-- | ||
| 650 | 0 | _aRenminbi. | |
| 650 | 0 | _aForeign exchange | |
| 942 |
_2lcc _cBK |
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| 999 |
_c10663 _d10663 |
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