One Currency, Two Markets. China's Attempt to Internationalize the Renminbi, Hardback/Edwin L.-C. Lai

Written for readers interested in the economic analysis into the future of the USD, and the rising importance of the RMB. It points out the unsustainability of the dollar standard in the long run, that China has unique incentives to internationalize its currency, and how Hong Kong plays an important role. Illustrations: Worked examples or Exercises