Bøker av Yin-wong Cheung

"This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is underrepresented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors"--

Issues in debates about foreign currency exposure-the denomination of liabilities or assets in foreign currency.

The success of China's program of economic reform and the rapid integration of China into the global economy has prompted this study on the degree of economic and financial integration between China, Hong Kong, and Taiwan. It also includes complementary discussions on the interactions between China and several Pacific Rim economies, namely, Japan, Korea, Singapore, and the United States.