The People’s Money explores China’s ambitious plan to transform the renminbi (RMB) into a global currency, rivaling the US dollar and the euro. Paola Subacchi provides an insightful analysis of China’s economic rise and its effort to challenge the established financial order. This book examines how the RMB could reshape the global financial system, how China is navigating the complex international market, and the potential geopolitical implications of a world where China's currency is dominant.
Subacchi details the challenges that China faces in internationalizing its currency, from domestic policy issues to the slow liberalization of its financial markets. She also covers the implications for global trade and the balance of power between the East and the West.
Why Read This Book
- Offers a detailed analysis of China’s strategy to make the RMB a global currency, essential for understanding the future of international finance.
- Explores the geopolitical and economic consequences of China's rising financial influence.
- Written by an expert economist, providing clarity on complex topics related to monetary policy, trade, and international relations.
- Ideal for those interested in economics, global markets, and China’s evolving role in the world economy.
- Provides a clear picture of how China's currency ambitions could reshape global power dynamics.
About the Author
Paola Subacchi is an economist and a senior fellow at Chatham House, specializing in international economic policy. She has written extensively on global economic governance, China’s economic policies, and the international monetary system. Subacchi is also a frequent contributor to major publications like The Financial Times and The Guardian, offering expert insights on the intersection of economics and geopolitics.
Descriptions are sourced from publishers or third parties and are not independently verified
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