The relatively successful management of cross-border capital flows has enabled the Peoples Republic of China (PRC) to … whenever possible, and improve its management of cross-border capital flows, to enable the Peoples Bank of China (PBOC) to …

Deflationary expansion has puzzled economists both in and outside China. We study this business cycles phenomenon … variables. The high steady state of growth could be explained by the current institutional environment of China. …

This paper examines how an appreciation of the currency of the People’s Republic of China (PRC …/93–2008/09. It constructs two exchange rates for renminbi : one is a bilateral real exchange rate and the other is a … real effective exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would …

This paper examines how an appreciation of the currency of the People’s Republic of China (PRC …/93–2008/09. It constructs two exchange rates for renminbi : one is a bilateral real exchange rate and the other is a … real effective exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would …

something to do with the undervaluation of renminbi (RMB). But Chinese Government hesitates to revalue RMB because of the worry … that RMB revaluations are contractionary thus have negative impact on China's economic growth and employment. The purpose … of this paper is to empirically assess the effects of RMB real exchange rate on China's output. The econometric work of …

The People’s Republic of China (PRC) has been quite aggressive recently in promoting the international use of its … currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency …. Indeed, anecdotal evidence affirms the role of offshore markets in pushing the renminbi currency to the world. One should not …

global financial markets. Although the People’s Republic of China (PRC) does not have either an open capital account or a … flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ …€™s rising shares of global trade and gross domestic product. Through bilateral swaps that the People’s Bank of China has …

The People’s Republic of China (PRC) has been quite aggressive recently in promoting the international use of its … currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency …. Indeed, anecdotal evidence affirms the role of offshore markets in pushing the renminbi currency to the world. One should not …

global financial markets. Although the People’s Republic of China (PRC) does not have either an open capital account or a … flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ …€™s rising shares of global trade and gross domestic product. Through bilateral swaps that the People’s Bank of China has …

the multilateralized Chiang Mai Initiative. The currency swap arrangements portend a new form of international cooperation …