|
|
|||
|
||||
OverviewAs big emerging economies, BRICS countries have real demands for their currencies internationalization. China started facilitating RMB internationalization after the 2008 financial crisis and has made significant achievement since then. RMB internationalization is facing challenge now because the expectation of RMB appreciation has disappeared and capital account has not completely opened yet. Promoting BRICS’s currencies internationalization by cooperation among BRICS countries will be of benefit for both RMB internationalization and diversifying the international monetary system. This report gives some proposals for facilitating BRICS currencies internationalization through financial cooperation: promoting the development of local currency bond market. This report discusses enhancing the local currency financing and investing in BRICS countries, further strengthening the currency swap and direct trade, launching the local currency settlement in commodity trade, piloting the financial infrastructure among BRICS countries with block chain. Full Product DetailsAuthor: Liu Dongmin , Xiao Lisheng , Lu Ting , Xiong AizongPublisher: Paths Publishing Group Imprint: Paths Publishing Group Weight: 0.633kg ISBN: 9781844645596ISBN 10: 1844645592 Pages: 97 Publication Date: 31 October 2020 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsAuthor InformationA senior research fellow and the director of Division of International Finance, Institute of World Economics and Politics, CASS. Ph. D in economics, Associate research fellow at the Institute of World Economy and Politics, Used to conduct her post-doctoral study at the People's Bank of China, The research interests are international finance, financial stabilities and asset pricing. Deputy director, senior research fellow and master student advisor of International Finance Research Division, Institute of World Economics and Politics, CASS Assistant research fellow in Institute of World Economics and Politics, CASS. A post doctor of Division of International Finance, Institute of World Economics and Politics, Chinese Academy of Social Sciences. Tab Content 6Author Website:Countries AvailableAll regions |