{"product_id":"9780815726128","title":"Renminbi Internationalization: Achievements, Prospects, and Challenges","description":"\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\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","brand":"Brookings Institution Press","offers":[{"title":"Default Title","offer_id":47080069234928,"sku":"9780815726128","price":31.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780815726128_p0.jpg?v=1769909748","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780815726128","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}