/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 …, evidence casts further doubts on the efficacy of further unilateral reform of the renminbi exchange rate regime on correcting …

/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 …, evidence casts further doubts on the efficacy of further unilateral reform of the renminbi exchange rate regime on correcting …

something to do with the undervaluation of renminbi (RMB). But Chinese Government hesitates to revalue RMB because of the worry …

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 use of the currency, the overseas acceptance of the renminbi is ultimately determined by both internal and external …

flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ … established with other countries’ central banks, the renminbi is also becoming more prominent in international finance. However …, the renminbi is unlikely to become a major reserve currency in the absence of capital account convertibility, a flexible …

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 use of the currency, the overseas acceptance of the renminbi is ultimately determined by both internal and external …

flexible exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRCâ … established with other countries’ central banks, the renminbi is also becoming more prominent in international finance. However …, the renminbi is unlikely to become a major reserve currency in the absence of capital account convertibility, a flexible …