{"product_id":"renminbi-internationalization","title":"Renminbi Internationalization","description":"\u003cp\u003eMeet the next global currency: the Chinese renminbi, or the \"\"redback.\"\" Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar.\u003cbr\u003eRenminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.\u003c\/p\u003e","brand":"Bloomsbury Publishing Plc","offers":[{"title":"Default Title","offer_id":54234588545368,"sku":"9780815726111","price":46.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780815726111_355086fb-e6c4-4d45-8d6a-236a9a784617.jpg?v=1769796930","url":"https:\/\/agendabookshop.com\/products\/renminbi-internationalization","provider":"Agenda Bookshop","version":"1.0","type":"link"}