The Currency Of China


The Currency Of China
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The Currency Of China


The Currency Of China
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Author : James K. Morrison
language : en
Publisher:
Release Date : 1895

The Currency Of China written by James K. Morrison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1895 with Money categories.




The Offshore Renminbi


The Offshore Renminbi
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Author : Robert Minikin
language : en
Publisher: John Wiley & Sons
Release Date : 2012-10-26

The Offshore Renminbi written by Robert Minikin and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-26 with Business & Economics categories.


The rise of the renminbi and what it means for forex markets Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. The Offshore Renminbi examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them. The potential growth for the renminbi market is vast, thanks to China's role in the global trading community. The early stages of the internationalization effort were small-scale, but momentum has greatly increased over the past 18 months, making this book more relevant than ever. These developments offer new opportunities (and challenges) for corporate treasurers and investors, as China's profound economic success and growing prominence in global trade may transform offshore renminbi into a new global reserve currency and a legitimate competitor to the U.S. dollar. Explores how the "internationalization" of the renminbi is likely to yield a new global currency to rival the U.S. dollar Examines "offshore" renminbi and the host of new financial markets they have created, from a spot FX market to Dim Sum bonds in Hong Kong Covers broad themes of interest to general readers and policymakers, as well as more detailed issues of practical and direct importance to corporate treasurers and investors The Chinese government has ambitious plans to make the renminbi a global currency. The Offshore Renminbi explains the complexities of this strategy and the dramatic implications for the global FX markets.



The Currency Problem In China


The Currency Problem In China
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Author : Wen Pin Wei
language : en
Publisher:
Release Date : 1971

The Currency Problem In China written by Wen Pin Wei and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with China categories.




Chinese Currency And The Global Economy


Chinese Currency And The Global Economy
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Author : Chen Yulu
language : en
Publisher: McGraw Hill Professional
Release Date : 2014-05-26

Chinese Currency And The Global Economy written by Chen Yulu and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-26 with Business & Economics categories.


From ancient “knife money” to the Renminbi—a fascinating history of Chinese currency Chinese Currency and the Global Economy is an all-encapsulating study of the Chinese monetary system from the historical perspective of global economy and finance. From economic infrastructure to the cultural system and from world events to the domestic scene, author Chen Yulu describes the metamorphosis of the Chinese currency and examines what is entailed in the globalization of Renminbi against the background of world economic multi-polarization. Chen Yulu is an Eisenhower senior visiting fellow and a Fulbright senior scholar. He serves concurrently as president of Renmin University of China, vice-chairman of the China International Finance Association, and deputy secretary general and executive director of the China Society for Finance and Banking.



The People S Money


The People S Money
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Author : Paola Subacchi
language : en
Publisher: Columbia University Press
Release Date : 2016-11-22

The People S Money written by Paola Subacchi and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-22 with Business & Economics categories.


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.



Chinese Currency


Chinese Currency
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Author : Fredrik Schjöth
language : en
Publisher: Brill Archive
Release Date : 1976

Chinese Currency written by Fredrik Schjöth and has been published by Brill Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Coins, Chinese categories.




Gaining Currency


Gaining Currency
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Author : Eswar Prasad
language : en
Publisher: Oxford University Press
Release Date : 2017

Gaining Currency written by Eswar Prasad and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.


China's currency, the renminbi (RMB), has taken the world by storm. The RMB is well on its way to becoming a significant international currency, one that is used widely in international trade and finance. This book documents the RMB's impressive rise, with China successfully adopting a unique playbook for promoting its currency. China's growing economic might, expanding international influence, and the rise of its currency are all intricately connected. The book documents how China's government has tied these goals together, enabling faster progress towards each of them. But there are many pitfalls ahead, both for China's economy and its currency. The book shows how the government has so far navigated its way around domestic and international dangers, but enormous risks still lie ahead. The International Monetary Fund has elevated the RMB to the status of an official reserve currency, a currency that foreign central banks use to keep their rainy day funds. If China plays its cards right, with reforms that put its economy and financial markets on the right track, the RMB is going to become an important reserve currency that could rival some of the traditional reserve currencies such as the euro and the Japanese yen. But this book argues that there are limits to the RMB's ascendance-the hype about its inevitable rise to global dominance is overblown. The Chinese leadership's apparent commitment to financial sector and other market-oriented reforms-coupled with unambiguous repudiation of political, legal, and institutional reforms-sets the RMB on a clear course. It will attain the status of a reserve currency over time but has essentially given up its claim of being seen as a safe haven currency, one that investors turn to for safety. The RMB will erode but not seriously challenge the U.S. dollar's dominance in international finance.--



One Currency Two Markets


One Currency Two Markets
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Author : Edwin L.-C. Lai
language : en
Publisher: Cambridge University Press
Release Date : 2021-07-08

One Currency Two Markets written by Edwin L.-C. Lai and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-08 with Business & Economics categories.


Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.



On Chinese Currency


On Chinese Currency
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Author : Gerard Vissering
language : en
Publisher:
Release Date : 1912

On Chinese Currency written by Gerard Vissering and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1912 with Banks and banking categories.




China Upside Down


China Upside Down
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Author : Man-houng Lin
language : en
Publisher: BRILL
Release Date : 2020-03-23

China Upside Down written by Man-houng Lin and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-23 with History categories.


Many scholars have noted the role of China’s demand for silver in the emergence of the modern world. This book discusses the interaction of this demand and the early-nineteenth-century Latin American independence movements, changes in the world economy, the resulting disruptions in the Qing dynasty, and the transformation from the High Qing to modern China. Man-houng Lin shows how the disruption in the world’s silver supply caused by the turmoil in Latin America and subsequent changes in global markets led to the massive outflow of silver from China and the crisis of the Qing empire. During the first stage of this dynastic crisis, traditional ideas favoring plural centers of power became more popular than they ever had been. As the crisis developed, however, statist ideas came to the fore. Even though the Qing survived with the resumption of the influx of Latin American silver, its status relative to Japan in the East Asian order slipped. The statist inclination, although moderated to a degree in the modern period, is still ascendant in China today. These changes—Qing China’s near-collapse, the beginning of its eclipse by Japan in the East Asian order, and shifting notions of the proper relationship between state and market and between state and society—led to “China upside down.”