Title

Internationalizing the Renminbi and China’s Financial Development Model

Robert N. McCauley

Internationalizing the Renminbi and China’s Financial Development Model

Internationalization was a spontaneous outcome of the marketplace for the rest of the world’s major currencies, but China is breaking with history by making it official policy to steer the renminbi on a path toward reserve currency status. However, this managed internationalization occurs at a time...
Topics: 
Economy
Keywords: 
Finance, Renminbi, Currency