TY - BOOK AU - Chin,Gregory AU - Cohen,Benjamin J. AU - Helleiner,Eric AU - Jiang,Yang AU - Kirshner,Jonathan AU - Momani,Bessma AU - Steinberg,David A. AU - Walter,Andrew AU - Wang,Hongying TI - The Great Wall of Money: Power and Politics in China's International Monetary Relations T2 - Cornell Studies in Money SN - 9780801454677 AV - HG1285 .G74 2014 U1 - 332.4/50951 23 PY - 2014///] CY - Ithaca, NY PB - Cornell University Press KW - Monetary policy KW - China KW - General Economics KW - Political Science & Political History KW - POLITICAL SCIENCE / Political Economy KW - bisacsh KW - economic superpowers, exchange rate policy, chinese foreign exchange, international economic diplomacy, renminbi, chinese governmental priorities, rmb vs dollars, international currency, internationalization of renminbi, china and united states N1 - Frontmatter --; Contents --; Preface --; Contributors --; Abbreviations --; The Politics Of China’s International Monetary Relations --; 1. The China Question. Can Its Rise Be Accommodated? --; 2. The Hidden History Of China And The IMF --; 3. Why Has China Accumulated Such Large Foreign Reserves? --; 4. Global Imbalances And The Limits Of The Exchange Rate Weapon --; 5. China’s Engagement With International Macroeconomic Policy Surveillance --; 6. The Limits Of China’S Monetary Diplomacy --; 7. China’s Rising Monetary Power --; 8. Regional Hegemony And An Emerging RMB Zone --; References --; Index; restricted access N2 - 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 UR - https://doi.org/10.7591/9780801454677 UR - https://www.degruyter.com/isbn/9780801454677 UR - https://www.degruyter.com/document/cover/isbn/9780801454677/original ER -