Internationalization of the Renminbi: History, Theories and Policies

This series delves into Chinese currency reform, a crucial and inevitable policy choice of China. With the continuous rise in the status and importance of China in regional and global economies, the impact of Renminbi—the official currency of the People's Republic of China—is growing steadily. Based on recent theoretical frameworks and quantitative analyses, this series explores the relationship between Chinese banking system reform, regionalization and internationalization of Renminbi, as well as the possible cooperation between Renminbi, Yen and other Asian currencies.

A thorough analysis of China’s banking industry and currency system, this exploration investigates whether the reforms made to China’s banking and currency systems are, in fact, compatible. Arguing that the banking system has a direct impact on whether the internationalization of the Renminbi can succeed, this book indentifies the relationship between the two systems and helps to formulate the appropriate reform policies.