This book investigates whether the reform of China’s banking system is compatible with the currency reform. It argues that the former has a direct impact on whether the internationalization of the Renminbi can succeed. The book identifies the relationship between the two systems and helps to formulate the appropriate reform policies.
Chapter 1 Trading Structure, Frequency and Monetary Standard
Chapter 2 The Dilemma of China’s Currency Standard
Chapter 3 The Micro-Financial Foundation of China’s High Monetization
Chapter 4 Special Banking System Structure and Renminbi “Exogeneity”
Chapter 5 The Dilemma between Trade Expansion and the Renminbi Exchange Rate Regime
Chapter 6 Commercialization of the Banking System and the Logic of Renminbi Internationalization
About the Author:
Zhang Jie is a Professor and Deputy Head of the School of Finance, and the Head of the International Currency Research Institute at Renmin University of China. His research areas include financial systems and China’s financial system and development.