The Renminbi Rises

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.

Autorentext
Chi Lo is an economic strategist with a multi-national bank based in Hong Kong. Chi has extensive international research experience in economics, financial markets and public policy and standards development, covering North American and Asian economies. His other major appointments include Greater China Research Director at HSBC, Chief Economist (Northeast Asia) at Standard Chartered Bank in Hong Kong and Economic Advisor at the federal deposit insurance agency under the Canadian Government Department of Finance in Ottawa, Canada. Chi publishes widely in international periodicals and media, and speaks frequently in international media and at regional business seminars and international events.

Klappentext

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.

Inhalt

1. Renminibi Shakes up Global Currencies 2. A Not So Mighty Yuan 3. From Money to RMB-nisation 4. Trade is Not Enough 5. The Next Steps for Internationalisation 6. China Ready for a Globalised RMB? 7. Creeping Reforms Raise Systemic Risk 8. RMB-nisation Needs Offshore Market 9. RMB the Third Major Reserve Currency 10. The Reality Behind RMB-nisation