We study the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the … significant impact can be expected in the next decades, and more so if the Chinese currency is pegged to the US dollar. If the …

The aim of this paper is to study ruptures of exchange-rate pegs by focusing on the fluctuations of the anchor currency … currency appreciates over a certain threshold. Such nonlinear effects are especially at stake in Asia where growth is export-oriented. …

This paper aims at explaining why the CFA countries have successfully maintained a currency union for several decades …, despite failing to meet many of optimum currency area criteria. We suggest that the CFA zone, while not optimal, has been at …