RMB internationalization in 2023: broader and multi-level economic and trade cooperation

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Material type: Text

TextPublication details: Palgrave Macmillan Cham 2024Description: xxiv, 302 pISBN:

9789819764365

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DDC classification:

332.45 WAN

Summary: The "Report on RMB Internationalization 2023: Broadening and Deepening Economic and Trade Cooperation" is the 12th annual report from the International Monetary Institute (IMI) at Renmin University of China. The report follows a general-to-specific analytical approach combining a literature review, comparative studies and empirical analysis. It systematically demonstrates the significance and mechanism of constructing a comprehensive global economic and trade cooperation network for RMB internationalization. Focusing on three international cooperation agreements that target different levels and areas, the Regional Comprehensive Economic Partnership (RCEP), China-EU Comprehensive Agreement on Investment (CAl), and Digital Economic Partnership Agreement (DEPA), the report discusses the opportunities and challenges of RMB internationalization according to its priorities and development paths in difference phases. The report emphasizes that as the international currency competition has entered a strategic stalemate stage, RMB internationalization needs to maintain its strategic stability while pursuing progress in a planned way. Internally, China should accumulate strength to make up for disadvantages promptly. Externally, it should engage in extensive cooperation and prioritize risk prevention to improve the convenience and security of the use of RMB internationally. More chances should be created for the use of RMB in order to establish a solid foundation for an RMB currency area. (https://link.springer.com/book/10.1007/978-981-97-6437-2)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	332.45 WAN (Browse shelf(Opens below))	1	Available		008474

Table of contents:
Front Matter
Pages i-xxiv
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RMB Internationalization Index
Yonghong Tu, Xueqing Zhao
Pages 1-58
Economic and Trade Cooperation and Currency Internationalization: Theoretical and Empirical Analysis
Zongxin Qian
Pages 59-103
Promoting RMB Internationalization Under the RCEP Framework
Fengjie Qu
Pages 105-142
EU-China Comprehensive Agreement on Investment and RMB Internationalization
Liping Lu
Pages 143-190
DEPA and RMB Internationalization
Yu Luo
Pages 191-243
Conclusions and Recommendations
Fang Wang
Pages 245-271
Back Matter
Pages 273-302

[https://link.springer.com/book/10.1007/978-981-97-6437-2]

The "Report on RMB Internationalization 2023: Broadening and Deepening Economic and Trade Cooperation" is the 12th annual report from the International Monetary Institute (IMI) at Renmin University of China.

The report follows a general-to-specific analytical approach combining a literature review, comparative studies and empirical analysis. It systematically demonstrates the significance and mechanism of constructing a comprehensive global economic and trade cooperation network for RMB internationalization.

Focusing on three international cooperation agreements that target different levels and areas, the Regional Comprehensive Economic Partnership (RCEP), China-EU Comprehensive Agreement on Investment (CAl), and Digital Economic Partnership Agreement (DEPA), the report discusses the opportunities and challenges of RMB internationalization according to its priorities and development paths in difference phases.

The report emphasizes that as the international currency competition has entered a strategic stalemate stage, RMB internationalization needs to maintain its strategic stability while pursuing progress in a planned way. Internally, China should accumulate strength to make up for disadvantages promptly. Externally, it should engage in extensive cooperation and prioritize risk prevention to improve the convenience and security of the use of RMB internationally. More chances should be created for the use of RMB in order to establish a solid foundation for an RMB currency area.

(https://link.springer.com/book/10.1007/978-981-97-6437-2)

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