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Strategies for Internationalizing the RenminbiA Method for Accelerating the RMB’s Internationalization

Strategies for Internationalizing the Renminbi: A Method for Accelerating the RMB’s... [The previous chapters’ discussion of methods for promoting the RMB’s internationalization was only a kind of forecast with a focus on its inevitability and necessity. In more concrete and less theoretical terms, however, the RMB’s internationalization proceeds as it will, resulting in the development of the offshore market to proceed faster than that of the onshore market—a situation further responsible for consolidating the model of “offshore market + settlement bank.” This path is entirely contrary to the one it was presupposed the RMB would follow. What’s more important, the “dependence on this path” not only brings new challenges but also new opportunities.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Strategies for Internationalizing the RenminbiA Method for Accelerating the RMB’s Internationalization

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press and Springer Nature Singapore Pte Ltd. 2018. The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Social Sciences Academic Press.
ISBN
978-981-13-0799-7
Pages
175 –189
DOI
10.1007/978-981-13-0800-0_7
Publisher site
See Chapter on Publisher Site

Abstract

[The previous chapters’ discussion of methods for promoting the RMB’s internationalization was only a kind of forecast with a focus on its inevitability and necessity. In more concrete and less theoretical terms, however, the RMB’s internationalization proceeds as it will, resulting in the development of the offshore market to proceed faster than that of the onshore market—a situation further responsible for consolidating the model of “offshore market + settlement bank.” This path is entirely contrary to the one it was presupposed the RMB would follow. What’s more important, the “dependence on this path” not only brings new challenges but also new opportunities.]

Published: Aug 30, 2018

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