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Gaining Currency: The Rise of the Renminbi by Eswar S. Prasad
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- Buy It NowGaining Currency: The Rise of the Renminbi by Eswar S. Prasad
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eBay item number:146097489183
Item specifics
- Condition
- EAN
- 9780190631055
- UPC
- 9780190631055
- ISBN
- 9780190631055
- MPN
- N/A
- Book Title
- Gaining Currency: The Rise of the Renminbi by Eswa
- Item Length
- 23.6 cm
- Subject Area
- Country
- Publication Name
- Gaining Currency: the Rise of the Renminbi
- Publisher
- Oxford University Press Inc
- Subject
- Economics, Finance
- Publication Year
- 2016
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 240 mm
- Item Weight
- 602 g
- Item Width
- 172 mm
- Number of Pages
- 344 Pages
About this product
Product Information
In Gaining Currency, leading China scholar Eswar S. Prasad describes how the renminbi (RMB) is taking the world by storm and explains its role in reshaping global finance.This book sets the recent rise of the RMB, China's currency since 1949, against a sweeping historical backdrop. China issued the world's first paper currency in the 7th century. In the 13th century, Kublai Khan issued the first-ever currency to circulate widely despite not being backed by commodities or precious metals. China also experienced some of the earliest episodes of hyperinflation currency wars. Gaining Currency reveals the interconnections linking China's growing economic might, its expanding international influence, and the rise of its currency. If China plays its cards right by adopting reforms that put its economy and financial markets on the right track, the RMB could rival even the euro and the Japanese yen. Prasad shows, however, that while China has successfully adopted a unique playbook for promoting the RMB, many pitfalls lie ahead for its economy and currency that could limit the RMB's ascendance. The Chinese leadership is pursuing financial liberalization and limited market-oriented reforms, but it has unequivocally repudiated political, legal, and institutional reforms. Therefore, Prasad argues, while the RMB is likely to become a significant reserve currency, it will not attain safe haven status as a currency to which investors turn during crises. In short, the hype predicting the RMB's inevitable rise to global dominance is overblown.Gaining Currency makes a compelling case that, for all its promise, the RMB does not pose a serious challenge to the U.S. dollar's dominance in international finance.
Product Identifiers
Publisher
Oxford University Press Inc
ISBN-13
9780190631055
eBay Product ID (ePID)
228455464
Product Key Features
Number of Pages
344 Pages
Publication Name
Gaining Currency: the Rise of the Renminbi
Language
English
Subject
Economics, Finance
Publication Year
2016
Type
Textbook
Subject Area
Country
Format
Hardcover
Dimensions
Item Height
240 mm
Item Weight
602 g
Item Width
172 mm
Additional Product Features
Country/Region of Manufacture
United States
Item description from the seller
Seller feedback (56,747)
- n***z (24)- Feedback left by buyer.Past 6 monthsVerified purchaseThe item was exactly as advertised, with no damage to the cover or pages. It was packed quite securely, with no chance to slip around and get bumped corners. The price was very affordable, considering it isn't easy to track down a copy. I only marked down one star because it took some time to ship out, which could have been better communicated in the listing. Still, highly recommend the seller.
- i***p (947)- Feedback left by buyer.Past monthVerified purchaseThanks for offering this great Simple Minds CD box set for sale. Service, postage, communication, price, description, and quality all 10/10. I recommend retailer yourglobalmall highly
- x***w (327)- Feedback left by buyer.Past 6 monthsVerified purchaseGreat communication, good price, as described, very well packed and quick delivery. Recommended seller.Sings The Alan Parsons Project That Never Was by Woolfson, Eric (#116248670093)
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Seller feedback (56,747)
- n***z (24)- Feedback left by buyer.Past 6 monthsVerified purchaseThe item was exactly as advertised, with no damage to the cover or pages. It was packed quite securely, with no chance to slip around and get bumped corners. The price was very affordable, considering it isn't easy to track down a copy. I only marked down one star because it took some time to ship out, which could have been better communicated in the listing. Still, highly recommend the seller.
- i***p (947)- Feedback left by buyer.Past monthVerified purchaseThanks for offering this great Simple Minds CD box set for sale. Service, postage, communication, price, description, and quality all 10/10. I recommend retailer yourglobalmall highly
- x***w (327)- Feedback left by buyer.Past 6 monthsVerified purchaseGreat communication, good price, as described, very well packed and quick delivery. Recommended seller.Sings The Alan Parsons Project That Never Was by Woolfson, Eric (#116248670093)