The Offshore renminbi [electronic resource] : the rise of the Chinese currency and its global future / Robert Minikin and Kelvin Lau

By:

Minikin, Robert

Contributor(s):

Lau, Kelvin

Material type: Text

TextPublication details: New York : Wiley, 2013Description: 1 online resourceISBN:

9781118339251

Subject(s):

DDC classification:

332.4951 MIN 22

Online resources:

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Summary: The rise of the renminbi and what it means for forex markets. Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. This book examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	332.4951 MIN (Browse shelf(Opens below))	Available		IIMC-E355

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Previous	332.495 RAJ Exchange rates, currency crisis and monetary cooperation in Asia /	332.495 TSE Financial liberalization, money demand and monetary policy in Asian Countries /	332.495 TSE Financial liberalization, money demand and monetary policy in Asian countries /	332.4951 MIN The Offshore renminbi	332.4951 SHI Factions and finance in China :	332.4951 YAN Money and credit in China:	332.4951 YAN Money and credit in China:	Next

The rise of the renminbi and what it means for forex markets. Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. This book examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them.

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