Renminbi from Marketization to Internationalization

This study looks into the significance of a floating exchange rate regime, further development of the foreign...
CHF 148.84
CHF 148.84
SKU: 9781032305509
Product Type: Books
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Author: Shao Suya
Format: Hardcover
Language: English
Subtotal: CHF 148.84
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Renminbi from Marketization to Internationalization by Suya, Shao

Renminbi from Marketization to Internationalization

CHF 148.84

Renminbi from Marketization to Internationalization

CHF 148.84
Author: Shao Suya
Format: Hardcover
Language: English

This study looks into the significance of a floating exchange rate regime, further development of the foreign exchange derivatives market, and concurrent internationalization of the Renminbi (RMB) for a resilient, open, and growing Chinese economy.

The first chapter analyzes the macroeconomic impact of foreign exchange intervention based on empirical studies on 26 economies, explaining why most countries favor a floating exchange rate regime under the existing international monetary system. The second chapter discusses the macroeconomic and microeconomic conditions that would facilitate a successful transition to a floating exchange rate. The final two chapters discuss the importance of further developing the foreign exchange derivatives market in China and explores paths toward further opening-up of the capital market and internationalization of the RMB under a floating exchange rate. Based on the authors' decades of reflections and systematic analysis on real cases both in China and abroad, the title sheds lights on China's exchange rate issues and research on exchange rate policy.

This book will be an essential reference for scholars, students, professionals, and policymakers interested in exchange rate, currency internationalization, the financial market, especially the derivatives market, and the Chinese economy.



Author: Shao Suya, Zhongxia Jin, Yue Zhao
Publisher: Routledge
Published: 05/13/2022
Pages: 128
Binding Type: Hardcover
Weight: 0.69lbs
Size: 8.50h x 5.50w x 0.38d
ISBN: 9781032305509

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