Overview

With the continuous rise in the status and importance of China in regional and global economies, the influence of the Renminbi grows proportionately. Currency Reform has become a crucial and inevitable policy choice for China. Based on recent theoretical frameworks and quantitative analyses, this book explores the necessity, feasibility and specific pathway and measures of regionalization and internationalization of the Renminbi as well as provides new perspectives for the internationalization progress of the currencies of developing economic powers. This book highlights: 1. The East Asia Consensus and the RMB Regionalization 2. Trade Expansion VS. Renminbi Exchange Rate Regime 3. Development of the RMB Offshore Market as the Anchor Currency in Trade Settlement

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9789814339049

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Li Xiao is Professor and Deputy Dean of the School of Economics, and Researcher of the Research Center on China Public Sector Economy at Jilin University. He is also the Vice Chairman of the China Society of World Economics, and Chairman of Sino-US Economy Society. His main research focus is the international and East Asian economic development. He is the author of East Asian Currency System and the Yen's Asianization (Japanese), Cooperation of East Asian Currencies, etc. Ding Yibing is Professor of the School of Economics, and Researcher of the China Public Sector Economy Research Center at the Jilin University. He is also a Committee Member of the China Society of World Economics. He is the author of Choices of Exchange Rate Regime in the Economic Development, the Asianization of the Renminbi, etc.

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