Internationalization of the RMB: Establishment and Development of RMB Offshore Markets / Edition 1

by International Monetary Institute

Overview

As from 2012, the International Monetary Institution (IMI) of the Renmin University of China publishes annual reports on the internationalization of RMB. This series of annual reports create and publish the RMB Internationalization Index (RII). Besides, they focus on one topic in each year's report. This book focuses on the offshore RMB markets. It studies several major international currencies' historical developments to summarize theoretical implications between currency internationalization process and its offshore market development. It reviews the recent development of RMB offshore markets, identifies key opportunities and challenges, and proposes some suggestions to policy makers and market practitioners. The RII will continue to rise as the RMB plays a more and more important role in international trades and financial transactions. The establishment and development of RMB offshore markets will facilitate the internationalization process of the RMB.

Product Details

ISBN-13:	9780367516567
Publisher:	Taylor & Francis
Publication date:	04/28/2020
Series:	China Perspectives
Pages:	250
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Established on December 20, 2009, International Monetary Institute (IMI) is a non-profit academic institution and think tank focusing on monetary finance theory, policy and strategy research.

Table of Contents

1.Renminbi Internationalization Index 2. Current Situation of the Internationalization of Renminbi; 3. Public Opinions and Observations; 4. Currency Internationalization and Offshore Market: Historical Implication; 5. Current Situation and the Future of Offshore RMB Market; 6. Challenges to Building the Offshore RMB Market; 7. Conclusions and Suggestions;Appendix 1 Taxation Comparison of Offshore Financial Centers;Appendix 2: Chronicle of Events of RMB Internationalization;Postscript