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The People’s Money
By:Paola Subacchi
Published on 2016-11-22 by Columbia University Press
Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.
This Book was ranked at 35 by Google Books for keyword currency.
Book ID of The People’s Money's Books is MQ0mDQAAQBAJ, Book which was written byPaola Subacchihave ETAG "x7blGMcl+qM"
Book which was published by Columbia University Press since 2016-11-22 have ISBNs, ISBN 13 Code is 9780231543262 and ISBN 10 Code is 0231543263
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Book which have "256 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by 1 Raters and have average rate at "4.0"
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