IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-34625-4_10.html
   My bibliography  Save this book chapter

The Reality behind RMB-nisation

In: The Renminbi Rises

Author

Listed:
  • Chi Lo

Abstract

Renminbi (RMB) internationalisation is a process of opening China’s capital account and integrating the country fully into the global system. But despite over 30 years of economic liberalisation, China is still unprepared for deeper integration with the world! The political system needs to be improved to get buy-in from the rest of the world to accept the RMB as a reserve currency. Political reform is imperative to eradicate moral hazard and rent seeking so that structural reforms can go deeper to support a globalised RMB. But serious incentive problems exist to hinder political changes. These are the cruel realities behind RMB-nisation.

Suggested Citation

  • Chi Lo, 2013. "The Reality behind RMB-nisation," Palgrave Macmillan Books, in: The Renminbi Rises, chapter 10, pages 162-177, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34625-4_10
    DOI: 10.1057/9781137346254_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-34625-4_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.