One Currency, Two Markets : China's Attempt to Internationalize the Renminbi
Language: English
Published by Cambridge University Press Jun 2026, 2026
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 31.74
Quantity: 2 available
Add to basketItem description from seller
Neuware - This book is for anyone who is interested in the economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB. It points out the unsustainability of the dollar standard in the long run, that China has unique incentives to internationalize its currency, and how Hong Kong plays an important role. It explains the real reasons for China to internationalize its currency, including using external commitments to force financial sector reforms ('daobi' in Chinese). It applies economic theories accessible to laymen to establish that financial development and openness are crucial for RMB internationalization to succeed, and that greater exchange rate volatility is inevitable due to the 'open-economy trilemma'. Employing the 'gravity model', the book predicts quantitatively that the RMB is likely to be a distant third payment currency after the USD and the euro, but surpassing the Japanese yen in the next decade.
Seller Inventory # 9781108740586
- Title
- One Currency, Two Markets : China's Attempt to Internationalize the Renminbi
- Author
- Edwin L. -C. Lai
- Publisher
- Cambridge University Press Jun 2026
- Publication year
- 2026
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 1108740588
- ISBN 13
- 9781108740586
- Item weight
- 492 grams
- Dimensions
- 226x153x21 mm
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About the Author
"About the title" may belong to another edition of this title.
Shipping rates from Germany to U.S.A.
| Item | 7 to 10 business days | 5 to 7 business days |
|---|---|---|
| First item | £ 30.14 | £ 38.75 |
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