Myths, Hypes and Realities of RMB Internationalisation and Reforms in the Post-Crisis World
Myths, Hypes and Realities of RMB Internationalisation and Reforms in the Post-Crisis World
"Until recently the world has been relying on the US dollar and the Euro to lubricate the flow of global trade and finance. A newcomer, the Renminbi (RMB) or Chinese Yuan, joined the global monetary system in 2000.
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This book breaks new ground in research on the RMB's offshore market by addressing the myths, hypes and realities surrounding the rise of the Chinese Yuan. It is the first book to address the rise of the Renminbi by focusing on the structural factors behind it and drawing on the global, regional and domestic developments affecting its development.