The Offshore Renminbi
The Rise of the Chinese Currency and Its Global FutureeBook - 2013
The rise of the renminbi and what it means for forex markets Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. The Offshore Renminbi examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are develo.
Publisher: New York : Wiley, 2013
Characteristics: 1 online resource (272 p.)
Alternative Title: Rise of the Chinese currency and its global future