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.
PART I The International Monetary System and the East Asia
Chapter 1 An Overview of the Global Financial Crisis and the Future of Asia
Chapter 2 The Financial Crisis and Asia: Impact, Connection and Challenge
PART II The Internationalization of the Japanese Yen
Chapter 3 The Internationalization of the Japanese Yen — Its Asian Strategy
Chapter 4 The Development and Strategic Adjustment of the Internationalization of the Japanese Yen
Part III The Emerging of the RMB
Chapter 5 The RMB Asianization and Internationalization Strategies
Chapter 6 The RMB and the East Asian Currency System
PART IV The Present and Future of Asian Monetary Cooperation — The Cooperation between China and Japan
Chapter 7 Asian Monetary Cooperation and Sino-Japan Coordination
Chapter 8 The Asian and the International Monetary and Financial System
About the Author:
Li Xiao is Professor and Deputy Dean of the School of Economics, and Researcher of the Research Center on China Public Sector Economy at Jilin University. He is also the Vice Chairman of the China Society of World Economics, and Chairman of Sino-US Economy Society. His main research focus is the international and East Asian economic development.
Kamikawa Takao is Professor in International Economics of the Faculty of Economics at the Yokohama National University. His research covers international finance, monetary history, and comparative monetary policies.