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BL
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| Record Number
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889692
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| Main Entry
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International Monetary Institute,author.
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| Title & Author
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Currency internationalization and macro financial risk control /\ International Monetary Institute.
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| Publication Statement
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Singapore :: Palgrave Macmillan,, 2018.
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| Page. NO
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1 online resource
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| ISBN
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9789811306983
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: 9811306982
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9789811306976
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9811306974
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| Contents
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Intro; Preface; Contents; List of Figures; List of Tables; Chapter 1: Internationalization Index of Renminbi; 1.1 Analysis on RII and Its Variation; 1.1.1 Status Quo of RMB's Internationalization Index; 1.1.2 Major Impetuses for RMB's Internationalization; 1.1.3 Major Challenges for RMB's Internationalization; 1.2 Structural Analysis of RMB Internationalization Index Changes; 1.2.1 The Function of RMB International Trade Settlement Was Further Consolidated; 1.2.2 RMB's International Financial Transaction Function Has Been Greatly Enhanced
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1.2.3 Reinforcement of RMB's Foreign Exchange Reserve Function1.3 Comparison of the Internationalization Indexes of Major Currencies; 1.3.1 Analysis of the Variation of Dollar's International Index; 1.3.2 Analysis on the Variation of Euro's International Index; 1.3.3 Analysis of the Variation of Yen's International Index; 1.3.4 Analysis of the Variation of Pound's International Index; Chapter 2: Status Quo of Renminbi Internationalization; 2.1 RMB Cross-Border Trade Settlement; 2.2 RMB Financial Transactions; 2.2.1 RMB Direct Investment; 2.2.2 RMB Securities Investment
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2.2.3 RMB Overseas Credit Market2.2.4 RMB in Foreign Exchange Market; 2.3 RMB in Global Foreign Reserves; 2.3.1 Enhancing Monetary and Financial Cooperation Between Central Banks; 2.3.2 Diversification of International Reserve Currencies; 2.4 RMB Exchange Rate and the Opening of China Capital Account; 2.4.1 Improvement of RMB Exchange Rate Regime; 2.4.2 RMB Exchange Rate Level; 2.4.3 The Measurement of Chinese Capital Account Openness; 2.4.4 Items Under Capital Account Whose Degree of Openness Changed; Chapter 3: Event of the Year: The RMB's Inclusion into the SDR Basket
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3.1 A Win-Win Result for China and the World3.1.1 SDR Becomes More Representative and Attractive; 3.1.2 The RMB's Inclusion Is Monumental in RMB Internationalization; 3.2 The RMB's Inclusion Does Not Mean China's Capital Account Is Fully Liberalized; 3.2.1 We Need to Clarify the Relationship Between RMB Internationalization and Capital Account Liberalization; 3.2.2 Both De Jure and De Facto Liberalization Should Be Concerned; 3.3 The RMB's Inclusion Does Not Equal the Realization of RMB Internationalization; 3.3.1 Why the Yen Waned After Its Inclusion in the SDR Basket
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3.3.2 A Comparison Between the Levels of Internationalization of the RMB and the JPY3.3.3 Problems to Solve at the Next Stage; Chapter 4: Macro-Financial Risks of RMB Internationalization; 4.1 Macro-Financial Policy Choices of International Currency Issuing Countries; 4.1.1 Classical Theories and Policy Choice Strategies of the Open Economy; 4.1.2 Historical Experiences of Germany and Japan and Their Lessons; 4.2 RMB Internationalization Is Faced with Macro-Financial Risks; 4.2.1 Current Policies Are Concentrated on Forex Fluctuations and Exchange Rate Management
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| Abstract
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This book collects expert opinions, research, and risk assessments from within the Chinese financial policy establishment on prospects for the internationalization of the renminbi as a reserve currency around the world. As China's economy diversifies in the acquisition of global assets, the renminbi may partially displace the dollar or yen as a reserve currency, with unpredictable and profound potential consequences. This book, presenting for the first time in English, the Chinese perspective on the internationalization of the Chinese currency will be of great value to central bankers, financiers, and students of international finance. The International Monetary Institute at Renmin University is China's foremost think-tank on issues of currency internationalization, currency flows, central banking, and related topics. Research at the think-tank is conducted collectively by fellows and associates.--
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| Subject
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Financial services industry-- China.
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Foreign exchange rates-- China.
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Monetary policy-- China.
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BUSINESS ECONOMICS-- Finance.
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Financial services industry.
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Foreign exchange rates.
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Monetary policy.
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China.
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| Dewey Classification
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332.4560951
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| LC Classification
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HG3978
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