The Internationlization of the Renminbi (Routledge Studies in the Modern World Economy) - Hardcover

'Renminbi internationalization is one of the most important and controversial issues in international finance and economics today. Professor Chen's volume provides us with up-to-date information on the extent of renminbi internationalization, the progress that has been made and the challenges which remain. Anyone wanting to know how renminbi internationalization is viewed within China will want to consult this book.' - Paul Bowles, Professor of Economics and International Studies, University of Northern British Columbia

The recent financial crisis, rooted in the United States, has changed the world’s economic and financial structures. The Chinese government has made some arrangements in the post-crisis to ensure stable economic growth in volatile international economic environments and to protect its own interests from unfair international monetary treatments. The internationalization of Renminbi (RMB) is one of China's most important national strategies in the 21st century and is symbolic in the rise of China.

This book aims to document the process and the development of the internationalization of Renminbi and to identify the challenges. The book introduces an index of internationalization of Renminbi. It also uses a comprehensive multi-variable index to determine the degree of internationalization of Renminbi.

This book helps readers to understand the current status of the reformation on China’s currency system, the process of internationalization of the RMB and the current, intricate political and economic relations.