TY  - BOOK
AU  - Minikin,Robert
AU  - Lau,Kelvin
TI  - The Offshore renminbi: the rise of the Chinese currency and its global future 
SN  - 9781118339251
U1  - 332.4951 22
PY  - 2013///
CY  - New York
PB  - Wiley
KW  - Monetary policy
KW  - China
KW  - Renminbi
KW  - Currency question
N2  - 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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