Department Ritsumeikan Asia Pacific University College of Asia Pacific Studies Position Associate Professor
|Internationalisation of China’s renminbi: global power or premature overconfidence? chapter in 'Major International Issues in the 21st Century from the Perspective of Japan and Europe'
|Doshisha University/IIPE Belgrade
|Volume, Issue, Page
|In recent years, the Chinese government has been taking steps to internationalise its currency, the renminbi. In order to do this it is having to undertake a wide range of difficult economic and financial reforms related to its domestic economy and international economic relations. This chapter, using theory based on the ideas of international identity, soft power as well as political economy, asks why China is pushing for an international renminbi, despite the considerable costs and risks of doing so.