Vol. 2 Regionalization of the Renminbi (Enrich Series on Chinese Currency Reform)

With the continuous rise in the status and importance of China in regional and global economies, the influence of the Renminbi grows proportionately. Currency Reform has become a crucial and inevitable policy choice for China. Based on recent theoretical frameworks and quantitative analyses, this book explores the necessity, feasibility and specific pathway and measures of regionalization and internationalization of the Renminbi as well as provides new perspectives for the internationalization progress of the currencies of developing economic powers. This book highlights: 1. The East Asia Consensus and the RMB Regionalization 2. Trade Expansion VS. Renminbi Exchange Rate Regime 3. Development of the RMB Offshore Market as the Anchor Currency in Trade Settlement This series explores the relationship between Chinese banking system reform, regionalization and internationalization of the Renminbi, as well as the possible cooperation between the Renminbi, the Yen, and other Asian currencies. Additionally, the series provides the first comprehensive study of Renminbi internationalization by experts in China and analyzes the currency reform that China will undertake in the current global economy.