Investing in Asian Offshore Currency Markets: The Shift from Dollars to Renminbi [Paperback]

The offshore currency market is a foundation of offshore bond market, helping well-established corporations in global financing. Following the global financial tsunami in 2008 and European debt crisis in 2009-2011, this book aims to document the latest issues, challenges, trends and thoughts relating to offshore currency markets in Asia.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.l#