Currency Internationalization and Macro Financial Risk Control

This book collects expert opinions, research, and risk assessments from within the Chinese financial policy establishment on prospects for the internationalization of the renminbi as a reserve currency around the world. As China's economy diversifies in the acquisition of global assets, the renminbi may partially displace the dollar or yen as a reserve currency, with unpredictable and profound potential consequences. This book, presenting for the first time in English, the Chinese perspective on the internationalization of the Chinese currency will be of great value to central bankers, financiers, and students of international finance.

Forecasts the possible globalization of the RMB Analyzes risks associated with the rise of the RMB Explores the implications of the One Belt, One Road initiative for RMB internationalization

Autorentext

The International Monetary Institute at Renmin University is China's foremost think-tank on issues of currency internationalization, currency flows, central banking, and related topics. Research at the think-tank is conducted collectively by fellows and associates.

Inhalt

1. Internationalization Index of Renminbi.- 2. Status Quo of Renminbi Internationalization.- 3. Event of the Year: the RMB's inclusion into the SDR Basket.- 4. Macro Financial Risks of RMB Internationalization.- 5. RMB Exchange Rate: Regimes and Policy Issues.- 6. The price linkage and risk conduction of RMB underlying asset.- 7. Bank Internationalization and Risk Prevention.- 8. Supply-Side Structural Reforms Consolidate the Economic Foundation of RMB's Internationalization.- 9. The prevention of systematic risks and the framework for macroprudential policies.- 10. Conclusions and Proposals.