This book presents the theoretical framework for the evolution of the international monetary system and the internationalization of the RMB. Combining theoretical research and empirical study, it then provides an in-depth analysis of the relevant issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book explains the "two-step strategy" from the capital account opening to the full convertibility of the RMB, it also analyzes the status and functions of the HK offshore financial market in internationalizing the RMB.
| ISBN: | 9789811307997 |
| Publication date: | 18th September 2018 |
| Author: | Yuanzheng Cao |
| Publisher: | Springer an imprint of Springer Nature Singapore |
| Format: | Hardback |
| Pagination: | 213 pages |
| Series: | Research Series on the Chinese Dream and China's Development Path |
| Genres: |
Macroeconomics International economics Finance and the finance industry |