{"product_id":"renminbi-internationalization-9780815726111","title":"RENMINBI INTERNATIONALIZATION","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eMeet the next global currency: the Chinese renminbi, or the redback. Following the global financial crisis of 2008, China''s major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar.\u003c\/p\u003e\n\u003cp\u003eRenminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government''s aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country''s financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world''s largest economy.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Rowman \u0026 Littlefield Publishers","offers":[{"title":"Default Title","offer_id":51038491771223,"sku":"9780815726111","price":33.3,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780815726111.jpg?v=1750940445","url":"https:\/\/bookcurl.com\/products\/renminbi-internationalization-9780815726111","provider":"Book Curl","version":"1.0","type":"link"}