The RMB in the global economy /
Cheung, Yin-Wong,
The RMB in the global economy / Yin-Wong Cheung, University of California. - 1 online resource (70 pages) : digital, PDF file(s). - Cambridge elements in international economics 2753-9326 .
Title from publisher's bibliographic system (viewed on 09 Nov 2022).
Introduction -- Background -- RMB Misalignment -- RMB Internationalization -- Current Status -- Geopolitics -- Concluding Remarks.
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 under-represented 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.
9781009236461 (ebook)
Renminbi.
Foreign exchange--China.
HG1285 / .C46625 2022
332.4/951
The RMB in the global economy / Yin-Wong Cheung, University of California. - 1 online resource (70 pages) : digital, PDF file(s). - Cambridge elements in international economics 2753-9326 .
Title from publisher's bibliographic system (viewed on 09 Nov 2022).
Introduction -- Background -- RMB Misalignment -- RMB Internationalization -- Current Status -- Geopolitics -- Concluding Remarks.
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 under-represented 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.
9781009236461 (ebook)
Renminbi.
Foreign exchange--China.
HG1285 / .C46625 2022
332.4/951
