Internationalization of the RMB: Establishment and Development of RMB Offshore Markets, 1st Edition (Hardback) book cover

Internationalization of the RMB

Establishment and Development of RMB Offshore Markets, 1st Edition

By International Monetary Institute

Routledge

240 pages | 75 B/W Illus.

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Hardback: 9781138651708
pub: 2016-06-28
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pub: 2016-06-23
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Description

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.

Table of Contents

1.Renminbi Internationalization Index 2. Current Situation of the Internationalization of Renminbi; 3. Public Opinions and Observations; 4. Currency Internationalization and Offshore Market: Historical Implication; 5. Current Situation and the Future of Offshore RMB Market; 6. Challenges to Building the Offshore RMB Market; 7. Conclusions and Suggestions;Appendix 1 Taxation Comparison of Offshore Financial Centers;Appendix 2: Chronicle of Events of RMB Internationalization;Postscript

About the Author

Established on December 20, 2009, International Monetary Institute (IMI) is a non-profit academic institution and think tank focusing on monetary finance theory, policy and strategy research.

About the Series

China Perspectives

The China Perspectives series focuses on translating and publishing works by leading Chinese scholars, writing about both global topics and China-related themes. It covers Humanities & Social Sciences, Education, Media and Psychology, as well as many interdisciplinary themes.

This is the first time that any of these books have been translated into English for international readers. The series aims to put forward a Chinese perspective, give insights into cutting-edge academic thinking in China, and inspire researchers globally.

 

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS027000
BUSINESS & ECONOMICS / Finance
BUS036000
BUSINESS & ECONOMICS / Investments & Securities