BLOG OF THE MONTH

Ben Bernanke

Ben Bernanke's Blog

This blog provides reflections on economics, finance, and policy by the former Chairman of the Federal Reserve, now Brookings Distinguished Fellow in Residence.

China's gold star

Ben examines the decision to include the Chinese currency, the renminbi, as part of an IMF-managed asset called the Special Drawing Right, or SDR.

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Webinars

BOOK OF THE MONTH

Renminbi Rising: A New Global Monetary System Emerges

Renminbi Rising: A New Global Monetary System Emerges

By William H. Overholt, Guonan Ma and Cheung Kwok Law

Renminbi Rising charts the emergence of China's internationalizing currency and provides an in-depth analysis of the global repercussions. Written by a team of renowned economics researchers, this book describes the pressures that enabled the emergence of a new global monetary system and why China's Renminbi (RMB) became the default 'second in line' as the U.S. receded from leadership. Policy makers and regulators will appreciate the examination of the motivations behind those driving the shift, and financial professionals will find valuable guidance in the discussion surrounding business opportunities that the RMB brings to the table. Coverage includes the emergence of new Chinese-sponsored financial institutions, the scale of various RMB businesses and the coming transformation of the global financial system.

Effective management of international monetary affairs has never been more fundamental to the global economic recovery. The rapid emergence of China's RMB is a transformative event of global significance, and this book provides the context needed to understand the depth and breadth of changes on the horizon.

ISBN: 978-1-119-21896-8

Click here to purchase this book

Video Vault

Renminbi - a global contender

Renminbi - a global contender

Just how far has China’s currency come over the past few years? Where’s it heading next? Discover the renminbi’s remarkable rise in less than 60 secon
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The Renminbi: growth of a global currency | FT Business

The Renminbi: growth of a global currency | FT Business

Beijing wants to increase the internationalisation of the Chinese currency, now the fifth most traded in the world, but that ambition also presents challenges for the government.
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Licence to Invest: RQFII Opens China to Global Investors

Licence to Invest: RQFII Opens China to Global Investors

Last year, the Chinese government allowed London based investors access to their fast growing economy. Overnight they were able to buy shares in Chinese companies and invest in other Chinese financial products. Find out how a company called Ashmore became the first fund manager outside greater China to gain a Renminbi Qualified Foreign Institutional Investors (RQFII ) licence.
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The Renminbi’s Role in the Global Monetary System

The Renminbi’s Role in the Global Monetary System

Global Economy and Development at Brookings hosted a discussion on the renminbi's prospects as an international currency and its implications from two perspectives—the balance and sustainability of China's own economic development and the associated implications for the global monetary system
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Change in China - Development of the Renminbi

Change in China - Development of the Renminbi

HSBC NOW looks at how the internationalisation of the Renminbi is affecting people in China. In this episode, HSBC's Rongrong Huo explores how the country has changed over the past 40 years and finds out how the currency will fuel China's growth.
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