Rmb: Towards Internationalization

RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development.

Professor Cheng Siwei was the Vice-Chairman of the Standing Committee of the National People's Congress of the People's Republic of China. He graduated from East China Institute of Chemical Engineering and later earned his MBA from UCLA. He is currently the Chairman of International Finance Forum and International CEO Round-table. He served as the external adviser to the World Bank Institute. Professor Cheng is a distinguished scholar in economic, financial and managerial fields as well as in chemical industry. He initiated the School of Fictitious Economy and his work has extensive influence on academia and China's economic and financial circles. He has published 28 academic books in China and Europe, and over 120 articles in prestigious academic journals.