Chinese Currency and the Global Economy: The Rise of the Renminbi

INTRODUCTION
1 THE HISTORICAL EVOLUTION OF CHINA’S MONETARY CULTURE
2 THE CORNERSTONE OF CHINESE CURRENCY: GROWTH WITHOUT CRISIS
3 CHINESE MONETARY POLICY
4 THE RMB EXCHANGE RATE
5 CAPITAL ACCOUNT OPENING IN CHINA
6 INTERNATIONAL MONETARY SYSTEM REFORM AND RMB GLOBALIZATION
NOTES
BIBLIOGRAPHY
INDEX

From ancient “knife money” to the Renminbi—a fascinating history of Chinese currency

Chinese Currency and the Global Economy is an all-encapsulating study of the Chinese monetary system from the historical perspective of global economy and finance.

From economic infrastructure to the cultural system and from world events to the domestic scene, author Chen Yulu describes the metamorphosis of the Chinese currency and examines what is entailed in the globalization of Renminbi against the background of world economic multi-polarization.

Chen Yulu is an Eisenhower senior visiting fellow and a Fulbright senior scholar. He serves concurrently as president of Renmin University of China, vice-chairman of the China International Finance Association, and deputy secretary general and executive director of the China Society for Finance and Banking.