| Record Type: |
Electronic resources
: monographic
|
| Title Information: |
the shift from dollars to reminbi |
| Alternative Intellectual Responsibility: |
WongMichael., |
| Alternative Intellectual Responsibility: |
ChanWilson., |
| Place of Publication: |
Basingstoke |
| Published: |
Palgrave Macmillan; |
| Year of Publication: |
2012 |
| Description: |
1 online resource |
| Series: |
Global financial markets |
| Subject: |
Foreign exchange - Asia. - |
| Subject: |
Investments, Foreign - Asia. - |
| Subject: |
Financial crises - Asia. - |
| Subject: |
BUSINESS & ECONOMICS / Finance - |
| Online resource: |
http://www.palgraveconnect.com/doifinder/10.1057/9781137034649 |
| Notes: |
Description based on print version record |
| Summary: |
Investing in Asian Offshore Currency Markets provides comprehensive coverage of the development of offshore currency trading in Asia, and in particular, the issues and challenges of developing the Renminbi as an international currency. Brought together by an editor team with extensive academic and market experience, it features contributions from leading bankers, analysts, bank supervisors, economists and academics, providing timely coverage of: market microstructures; legal requirements; risk management issues; and challenges regarding emerging Renminbi market outside mainland China. The Renminbi offshore market is still in the process of rapid development. The contributions in this book provide insight and detailed discussion on how an emerging market currency goes through the process of internationalization. This process will continue with gradual liberalization of capital account in Mainland China and interest rate fixing for Renminbi in offshore interbank markets. The Renminbi offshore market starts from Hong Kong and extends to Taiwan, Singapore and London but its development faces significant challenges. These challenges are addressed in this book. |
| ISBN: |
9781137034649electronic bk. |
| ISBN: |
1137034645electronic bk. |
| Content Note: |
Preface PART I: ISSUES IN OFFSHORE CURRENCY AND BOND MARKETS 1. Determinants of The Distribution of Eurodollar Deposits In Offshore Financial Centres; David Leung and Jim Wong 2. Why Should All the Eurobonds Issued by Indian Banks Carry Uniform Regulatory Credit Risk Charge?; Rituparna Das 3. USD Fixing Rates in Hong Kong: The Puzzles of Higher Volatility and Higher Funding Cost; Wilson F. C. Chan and Michael C. S. Wong PART II: CHALLENGES AND STRATEGIES OF DEVELOPING OFFSHORE RENMINBI MARKETS 4. The Development of the Renminbi Currency Market; Susan R. Hume 5. Price Disparities between Mainland China's Onshore and Offshore Financial Markets; Cho-Hoi Hui, Jim Wong and KF Lai 6. Comparative Risk Analytics between Asian Offshore USD Bond and CNH Bond from an Indian Commercial Bank's Perspective; Rituparna Das 7. China's Offshore Yuan Market: Inside the Engine Room of the World's Next Trade Currency; Saikat Chatterjee 8. Rational or Irrational? - Chinese Capital Control Rules in the Context of Internationalizing Renminbi; Wei Shen 9. From Greenback to Redback: The Journey of Renminbi from Local Circulation to Reserve Currency; Joe Ng 10. Legal and Documentation Issues of Offshore CNY Derivative Transactions; Jing Gu 11. The Challenges and Opportunities for RMB Investment Product Development in Hong Kong; Rosita Lee 12. Promise or Peril: Opportunities & Challenges of Renminbi Trade Settlement & Financing; Marvin Lo and Joe M.K. Ng 13. Eurodollar Banking and Renminbi Internationalisation; Dong He and Robert N McCauley 14. Feasibility of Offshore RMB Market; Julia Leung 15. RMB: The Past, the Present and the Future; Arthur Shek 16. Renminbi Globalization: A Taiwan Perspective; Chung-Ming Kuan and Yingyi Tsai. |