Renminbi from Marketization to Internationalization - Rilegato

Jin, Zhongxia; Zhao, Yue; Wang, Haobin

Rilegato

ISBN 10: 1032305509 ISBN 13: 9781032305509

Casa editrice: Routledge, 2022

Riassunto

This study looks into the significance of a floating exchange rate regime, further development of the foreign exchange derivatives market, and concurrent internationalization of the Renminbi (RMB) for a resilient, open, and growing Chinese economy.

The first chapter analyzes the macroeconomic impact of foreign exchange intervention based on empirical studies on 26 economies, explaining why most countries favor a floating exchange rate regime under the existing international monetary system. The second chapter discusses the macroeconomic and microeconomic conditions that would facilitate a successful transition to a floating exchange rate. The final two chapters discuss the importance of further developing the foreign exchange derivatives market in China and explores paths toward further opening-up of the capital market and internationalization of the RMB under a floating exchange rate. Based on the authors’ decades of reflections and systematic analysis on real cases both in China and abroad, the title sheds lights on China’s exchange rate issues and research on exchange rate policy.

This book will be an essential reference for scholars, students, professionals, and policymakers interested in exchange rate, currency internationalization, the financial market, especially the derivatives market, and the Chinese economy.

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Informazioni sull?autore

Zhongxia Jin has been executive director for China at the International Monetary Fund since 2015 and previously served as head of the Research Institute of the People's Bank of China. His areas of research cover international finance, monetary policy, international trade and investment, international economic governance, and RMB internationalization.

Yue Zhao currently works at the International Monetary Fund. Previously she was an economist at the People's Bank of China. Her areas of research include monetary policy, international finance, and financial regulation.

Haobin Wang currently works at the Ministry of Finance of China. Previously he was an economist at the International Monetary Fund. His areas of research include monetary policy, international finance, and financial regulation.

Dettagli dell'edizione

• Editore: Routledge
• Data di pubblicazione: 2022
• Lingua: Inglese
• ISBN 10: 1032305509
• ISBN 13: 9781032305509
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 142
• Contatto del produttore: non disponibile
• Persona responsabile: Yeepin GmbH; 492000000000; sunshine12232@outlook.com; ; Alleestr.11; Kaiserslautern; Rheinland-Pfalz; 67655; Germania