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Investing in Asian Offshore Currency Markets: The Shift from Dollars to Reminbi (Global Financial Markets) 4.0%OFF

Investing in Asian Offshore Currency Markets: The Shift from Dollars to Reminbi (Global Financial Markets)

by Michael Wong and Wilson Chan

  • ISBN

    :  

    9781137034632

  • Publisher

    :  

    Palgrave Macmillan

  • Subject

    :  

    Industry & Industrial Studies, Finance & Accounting, Business & Management

  • Binding

    :  

    HARDCOVER

  • Pages

    :  

    350

  • Year

    :  

    2013

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6823.0

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₹

6550.0

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  • Description

    The terms "Eurodollar" and "Eurocurrency" were widely used in the 1970s, a time when the US dollar was prevalently traded in Europe. Later, the Eurodollar market was extended to Asia, especially Singapore and Hong Kong, and to cover a wider range of non-local currencies. But international markets have changed, with Renminbi set to become the world's dominant offshore currency. Leading bankers, analysts, bank supervisors, economists, journalists, professors, and lawyers contributed to Investing in Asian Offshore Currency Markets, exploring various issues regarding offshore currency markets in Asia, and especially the challenges and issues in building the offshore market for Renminbi.

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