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    The Great Wall of Money: Power and Politics in China's International Monetary Relations
    The Great Wall of Money: Power and Politics in China's International Monetary Relations
    The Great Wall of Money: Power and Politics in China's International Monetary Relations
    Ebook401 pages5 hours

    The Great Wall of Money: Power and Politics in China's International Monetary Relations

    By Eric Helleiner and Jonathan Kirshner

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    About this ebook

    As an economic superpower, China has become an increasingly important player in the international monetary system. Its foreign exchange reserves are the largest in the world and its exchange rate policy has become a major subject of international economic diplomacy. The internationalization of the renminbi (RMB) raises critical questions in international policy circles: What kinds of power is China acquiring in international monetary relations? What are the priorities of the Chinese government? What explains its preferences?

    In The Great Wall of Money, a distinguished group of contributors addresses these questions from distinct perspectives, revealing the extent to which China’s choices, and global monetary affairs, will be shaped by internal political factors and affect world politics. The RMB is a likely competitor for the dollar in the next couple of decades; its emergence as an important international currency would have substantial effects on the balance of power between the United States and China. By illuminating the politics of China’s international monetary relations, this book provides a timely account of the global economy, the role of the renminbi in international relations, and the trajectory of China’s continuing ascendency in the coming decades.

    LanguageEnglish
    PublisherCornell University Press
    Release dateSep 8, 2014
    ISBN9780801454660
    The Great Wall of Money: Power and Politics in China's International Monetary Relations

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      The Great Wall of Money - Eric Helleiner

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