Reform of the International Monetary System and Internationalization of the Renminbi

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking
Cover of the book Reform of the International Monetary System and Internationalization of the Renminbi by Ruogu Li, World Scientific Publishing Company
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ruogu Li ISBN: 9789814699068
Publisher: World Scientific Publishing Company Publication: November 9, 2015
Imprint: WSPC Language: English
Author: Ruogu Li
ISBN: 9789814699068
Publisher: World Scientific Publishing Company
Publication: November 9, 2015
Imprint: WSPC
Language: English

This book argues that only by reforming the international monetary system can we prevent financial crises in the future and the internationalization of the Renminbi, China's national currency, will be an important step in the process.

Just as the old saying goes, "An old building needs to be demolished before a new one can be erected in its place," there will be no construction without destruction. The commencement of the dismantling of the old monetary system is also the beginning of the construction of the new one. Contrary to Western rhetoric, which portrays China as part of the cause of the recent financial crisis, the author contends that China is actually a victim of the current unjust international economic and monetary system. To address the imbalance and break the dollar-dominated international monetary system, the author calls for the internationalization of the Renminbi and diversification of the international monetary system.

Written by one of the foremost financial practitioners in China, this book is thought-provoking and provides a unique Chinese perspective on how the international monetary system should be reformed, what the future system should look like and the role China should play in the process. It is a required reading for anyone interested in understanding China's own vision in its rise in the global political, economic and financial systems.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book argues that only by reforming the international monetary system can we prevent financial crises in the future and the internationalization of the Renminbi, China's national currency, will be an important step in the process.

Just as the old saying goes, "An old building needs to be demolished before a new one can be erected in its place," there will be no construction without destruction. The commencement of the dismantling of the old monetary system is also the beginning of the construction of the new one. Contrary to Western rhetoric, which portrays China as part of the cause of the recent financial crisis, the author contends that China is actually a victim of the current unjust international economic and monetary system. To address the imbalance and break the dollar-dominated international monetary system, the author calls for the internationalization of the Renminbi and diversification of the international monetary system.

Written by one of the foremost financial practitioners in China, this book is thought-provoking and provides a unique Chinese perspective on how the international monetary system should be reformed, what the future system should look like and the role China should play in the process. It is a required reading for anyone interested in understanding China's own vision in its rise in the global political, economic and financial systems.

More books from World Scientific Publishing Company

Cover of the book Legal Basis of Global Tissue Banking by Ruogu Li
Cover of the book Biocatalysis by Ruogu Li
Cover of the book Journeys Through the Precision Frontier: Amplitudes for Colliders by Ruogu Li
Cover of the book Decision Theory with Imperfect Information by Ruogu Li
Cover of the book Dao of Managing Higher Education in Asia by Ruogu Li
Cover of the book How Schrödinger's Cat Escaped the Box by Ruogu Li
Cover of the book China and Latin America by Ruogu Li
Cover of the book Nontariff Measures and International Trade by Ruogu Li
Cover of the book Wavefronts and Rays as Characteristics and Asymptotics by Ruogu Li
Cover of the book Asymptotic Integration and Stability by Ruogu Li
Cover of the book Stochastic Modeling and Analytics in Healthcare Delivery Systems by Ruogu Li
Cover of the book 2016 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities by Ruogu Li
Cover of the book Understanding Basic Chemistry Through Problem Solving by Ruogu Li
Cover of the book Handbook of the Fundamentals of Financial Decision Making by Ruogu Li
Cover of the book Quantum Fractals by Ruogu Li
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy