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Renminbi Internationalization: Achievements, Prospects, and Challenges

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China's major monetary policy goal is the internationalization of the renmimbi - to create an international role for its currency akin to the international role currently played by the US dollar.Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and onto the larger process of economic and financial reform. Successfully internationalizing the currency will require rebalancing the Chinese economy. It will require developing the country's ...

Renminbi Internationalization: Achievements, Prospects, and Challenges 2014, Brookings Institution, Washington DC

ISBN-13: 9780815726111

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