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The Evolving Renminbi Regime and Implications for Asian Currency Stability

Ma, Guonan - 2013

The Chinese authorities described the management of the renminbi after its 2005 unpegging from the US dollar as involving a basket of trading partner currencies. Outside analysts have detected few signs of such management. We find that, in the two years from mid-2006 to mid-2008, the renminbi...

Persistent link: https://www.econbiz.de/10013094185

Exchange Rates and Monetary Spillovers

Plantin, Guillaume - 2016

When does the combination of flexible exchange rates and domestic inflation-oriented monetary policy guarantee insulation from global financial conditions? We examine a dynamic global game model of international portfolio flows where, for some combination of parameters, the unique equilibrium...

Persistent link: https://www.econbiz.de/10013001102

A Key Currency View of Global Imbalances

Ito, Hiro - 2019

. The dollar zone groups economies that produce well over half of global GDP. The euro zone now includes almost all of … of the DM/euro from northwestern Europe to Europe and beyond.Global imbalances differ from a currency perspective. In the …-alignment of third currencies. What if the renminbi becomes a key currency alongside the dollar and the euro? Already some emerging …

Persistent link: https://www.econbiz.de/10012893452

Recent RMB Policy and Currency Co-Movements

McCauley, Robert N. - 2018

This study investigates how variation in the determinants of the renminbi's daily fixing since the August 2015 exchange rate reform maps on to variation in the co- movement of the renminbi with regional and other emerging market currencies. We first identify three post-reform periods of RMB...

Persistent link: https://www.econbiz.de/10012916966

Exchange Rates and Prices : Evidence from the 2015 Swiss Franc Appreciation

Auer, Raphael - 2019

The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...

Persistent link: https://www.econbiz.de/10012896768