Rmb: Towards Internationalization

RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development.

Contents:

• RMB Internalization is an Irreversible Trend
• Exchange Rates under the Perspective of Fictitious Economy
• The Choice of Exchange Rate Arrangement — Empirical Analysis
• The Choice of Exchange Rate Arrangement — Case Study
• Evolution of the RMB Exchange Rate Regime
• The Determination of a Central Rate for the RMB
• The Opening Up of Capital Account
• Path to RMB Internationalization

Readership: Researchers, economists, finance professionals, analysts, individual investors, monetary and banking authorities in Asia and those who are interested in China's exchange rate regimes and the future of its currency, the RMB.