Internationalization of the RMB: Establishment and Development of RMB Offshore Markets

1st Edition

International Monetary Institute

Routledge
Published June 28, 2016
Reference - 240 Pages - 75 B/W Illustrations
ISBN 9781138651708 - CAT# Y229019
Series: China Perspectives

USD$175.00

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Summary

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.

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