Currency Internationalization: Global Experiences and Implications for the Renminbi

Part I. International Experiences

1. Global Roles of Currencies
Christian Thimann

2. External Use of the South African Rand
Johan Heever

3. Internationalizing the Australian Dollar
Robert N. McCauley

4. Foreign Exchange Liberalization and Its Implications: The case of the Korean Won
Kyungsoo Kim, Chi-Young Song

Part II. Issues on International Use of the Renminbi

5. The Potential of the Renminbi as an International Currency
Hongyi Chen, Wensheng Peng

6. Pros and Cons of International Use of the RMB for China
Wen Hai, Hongxin Yao

7. RMB Internationalization: Empirical and Policy Analysis
David Daokui Li, Linlin Liu

8. Effects of RMB Internationalization on China’s Finance Industry
Shusong Ba, Bo Wu, Ping Yuan, Miao Wang, Zhuqing Yin

9. Internationalization of the Renminbi and Its Implications for Monetary Policy
Haihong Gao

10. Impact of the Renminbi Exchange Rate on Asian Currencies
Chang Shu

Keywords: Business and Management, Accounting/Auditing, Finance, general, Banking, Macroeconomics/Monetary Economics//Financial Economics, International Economics