
The RMB in the Global Economy
Yin-Wong Cheung(Author)
Cambridge University Press
Published on 8. December 2022
Book
Paperback/Softback
80 pages
978-1-009-23642-3 (ISBN)
Description
This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is under-represented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Edition type
New edition
Product notice
Paperback (trade)
Illustrations
Worked examples or Exercises
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 4 mm
Weight
118 gr
ISBN-13
978-1-009-23642-3 (9781009236423)
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Schweitzer Classification
Other editions
Additional editions

Yin-Wong Cheung
RMB in the Global Economy
E-Book
12/2022
Cambridge University Press
€20.99
Available for download

Yin-Wong Cheung
The RMB in the Global Economy
E-Book
11/2022
Cambridge University Press
€20.99
Available for download
Person
Content
1. Introduction; 2. Background; 3. RMB Misalignment; 4. RMB Internationalization; 5. Current Status; 6. Geopolitics; 7. Concluding Remarks; 8. Appendix; 9. References.