euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …

This paper evaluates the impact of the rise of large emerging manufacturing exporters such as China and India on … based on 3-year average data augmented with country-specific measures of import and export competition from China and India … using instrumental variables. Stronger import competition from China and India leads to stronger income growth in advanced …

This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China’s trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China’s exports of services tend to complement its exports of goods, while India’s exports are growing only in deregulated …