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Gaining Currency: The Rise of the Renminbi

Eswar S. Prasad

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190631055
eISBN:
9780190631086
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190631055.001.0001
Subject:
Economics and Finance, International

China’s currency, the renminbi (RMB), has taken the world by storm. The RMB is well on its way to becoming a significant international currency, one that is used widely in international trade and ... More


Chinese Money in Global Context: Historic Junctures Between 600 BCE and 2012

Niv Horesh

Published in print:
2013
Published Online:
September 2014
ISBN:
9780804787192
eISBN:
9780804788540
Item type:
book
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804787192.001.0001
Subject:
Economics and Finance, Economic History

This book offers an interpretation of the Chinese monetary system, charting its evolution by examining key moments in history – from BCE 600 up to the present. It places these moments in ... More


The RMB Goes Global

Eswar S. Prasad

in Gaining Currency: The Rise of the Renminbi

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190631055
eISBN:
9780190631086
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190631055.003.0005
Subject:
Economics and Finance, International

This chapter describes the increasing use of the RMB in international trade and finance transactions. These developments have been driven by China’s increasing weight in global GDP and trade, and ... More


Will the Renminbi Go Global?

Niv Horesh

in Chinese Money in Global Context: Historic Junctures Between 600 BCE and 2012

Published in print:
2013
Published Online:
September 2014
ISBN:
9780804787192
eISBN:
9780804788540
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804787192.003.0008
Subject:
Economics and Finance, Economic History

Prognoses of China’s currency—Renminbi or RMB in short—going global have become a hotly debated topic in the economic and popular literature of late. While some analysts are tipping a gradual ... More


A View from the People’s Republic of China

Yongding Yu

in Monetary and Financial Cooperation in East Asia: The State of Affairs After the Global and European Crises

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198714156
eISBN:
9780191782572
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714156.003.0006
Subject:
Economics and Finance, Financial Economics, South and East Asia

Monetary cooperation in East Asia has been slow over the last decade, hampered by lack of leadership and political will. The Chiang Mai Initiative represents important progress but unilateralism in ... More


A View from the Republic of Korea

Yung Chul Park and Chi-Young Song

in Monetary and Financial Cooperation in East Asia: The State of Affairs After the Global and European Crises

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198714156
eISBN:
9780191782572
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714156.003.0008
Subject:
Economics and Finance, Financial Economics, South and East Asia

This chapter examines the role of Korea in promoting financial and monetary cooperation in East Asia. This process has been constrained by a lack of cooperation between China and Japan, the two ... More


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