Renminbi Rising: A New Global Monetary System Emerges
- 3h 53m
- Cheung Kwok Law, Guonan Ma, William H. Overholt
- John Wiley & Sons (UK)
Charting the emergence of China's internationalizing currency and providing an in-depth analysis of the global repercussions, this book describes the pressures that enabled the emergence of a new global monetary system and why China's Renminbi (RMB) became the default 'second in line' as the U.S. receded from leadership.