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On the Inclusion of the Chinese Renminbi in the SDR Basket
Benassy-Quere, Agnes; Capelle, Damien - CESifo - 2012
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and …. If the objective is to reinforce the attractiveness of the SDR as a unit of account and a store of value through more … stability, then a broadening of the SDR to the RMB could be appropriate, provided some flexibility is introduced in the Chinese …
Persistent link: https://www.econbiz.de/10010877819
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Does the Euro-zone Diverge? A Stress Indicator for Analyzing Trends and Cycles in Real GDP and Inflation
Flaig, Gebhard; Wollmershäuser, Timo - CESifo - 2007
This paper presents a stress indicator for the Euro-zone that summarizes developments of trends and cycles in real GDP and inflation in the member countries. Stress in a country is defined as the difference between the country’s actual short-term interest rate and the interest rate that would...
Persistent link: https://www.econbiz.de/10005094297