Dear SSJ Forum Members,

I am happy to announce the publication of my new book: */The International Political Economy of the Renminbi: Currency Internationalization and Reactive Currency Statecraft/*, by Routledge.

This book, which addresses foreign states' responses to the internationalization of the Chinese renminbi, does not focus exclusively on the responses of Japan but covers South Korea, the United Kingdom and the United States as well. However, it does include a chapter analyzing how Japan has responded to the renminbi's internationalization, from its very beginning in the wake of the global financial crisis of 2008 throughout the 2010s. Therefore, if you are interested in Japan's policy toward the rise of China in the area of international money and finance, and/or in the competition between the yen and the renminbi for the position of leading regional currency in Asia, you may find this book quite useful.

You can find a more detailed description of the book at http://www.routledge.com/9781032077833 <http://www.routledge.com/9781032077833>

I also attach a flyer, offering a 20% discount on the book.

*Reviews:*

"This absorbing book, with its focus on how nations respond to the internationalization of China's renminbi, breaks new ground in the study of international currencies. Based on a mountain of empirical evidence, Chey's analysis of 'reactive currency statecraft' is cogent and persuasive. The volume deserves to be on the book shelf of anyone with a serious interest in the political economy of finance."

- *Benjamin J. Cohen, University of California, Santa Barbara*

"In this fascinating book, Hyoung-kyu Chey sheds new light on a crucial, but neglected dimension of the politics of the RMB's internationalization: the reactions of foreign states. He reveals not just the varied nature of those reactions but also how much they are influenced by broader foreign policy goals. The lesson is clear and important: international monetary transformations are always deeply political processes."

- *Eric Helleiner, University of Waterloo*

"An incisive investigation into national responses to the internationalization of China's currency. Chey introduces a useful theoretical framework based on the novel concept of 'reactive currency statecraft.' The book's argument and case study evidence, which includes dozens of interviews with top political and financial officials in Japan, South Korea, the United Kingdom, and the United States, will be of great interest to scholars of international money and anyone interested in how governments are responding to China's rise."

- *Daniel McDowell, Syracuse University*

Thank you.

Kind regards,

Hyoung-kyu Chey

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*CHEY Hyoung-kyu, Ph.D.*
Associate Professor of International Political Economy
National Graduate Institute for Policy Studies (GRIPS)
7-22-1 Roppongi, Minato-ku, Tokyo 106-8677, Japan
email: hyoung-kyu@grips.ac.jp
http://www.grips.ac.jp/list/facultyinfo/chey_hyoung-kyu