Beyond Asia: Building the "RMB Asianization" of the East Asian Regional Currency System

Author: Li Xiao, Ding Yibing
Publisher:
Publish Date: 2006-01-01
Features: Many of the views and analyses in this book are pioneering, holding significant theoretical and practical implications. The research approach of this book primarily consists of two aspects: First, using advanced theoretical and empirical analytical methods along with substantial and detailed data, it analyzes the background, feasibility, and path selection of regional currency cooperation in East Asia, both in theory and practice. Second, by examining the role and impact of China's economic development in the economic development of East Asia, and in conjunction with a review of the lessons learned from the setback of the yen's internationalization, it discusses the necessity, feasibility, strategies, and steps for the "Asianization of the renminbi."