Renminbi: The Internationalization of China's Currency
By Sun Zhaodong
Contributions by: Xie Yong
Using stories and interesting examples, this book depicts the process of the internationalization of the main global currencies. After that, it systematically analyzes the future pattern of the internalization of the Chinese currency, the Renminbi (RMB), and its possible influence on world trade and global finance. The book will be useful in understanding the future of the RMB, as well as its process of becoming a global currency. With the boom of China's economy, the RMB is becoming a regional currency gradually, though still at a low level. Some predict that it will even change into a global currency. But, this process cannot be easy. There are many financial problems for the government and private sectors to deal with. The book provides a systematic analysis of the problems, especially those that emerged after the global financial crisis.
Publication Date: 6/25/2014