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Over the past two decades, China's robust economic performance has propelled it to the world stage. At the same time, the world has increasingly scrutinized Chi
Gaining Currency
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Authors: Eswar Prasad
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China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also
Exchange Rate, Credit Constraints and China’s International Trade
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This book, by one of China's leading economists, explores the past and present of the RMB—the people's currency—as it is poised to compete with the dollar a
China’s Evolving Exchange Rate Regime
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China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over t
Renminbi Internationalization
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A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following