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The U.S. Dollar Exchange Rate and the Demand for Oil

De Schryder, Selien - 2013

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...

Persistent link: https://www.econbiz.de/10013086048

A Panel Data Investigation of Real Exchange Rate Misalignment and Growth

MacDonald, Ronald - 2010

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real exchange rate, with different model specifications, in...

Persistent link: https://www.econbiz.de/10013142797

The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate

Bénassy-Quéré, Agnès - 2013

euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

Persistent link: https://www.econbiz.de/10013085286

On the Inclusion of the Chinese Renminbi in the SDR Basket

Bénassy-Quéré, Agnès - 2013

This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next...

Persistent link: https://www.econbiz.de/10013089684

Exchange Rate Misalignment - The Case of the Chinese Renminbi

Cheung, Yin-Wong - 2013

Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …

Persistent link: https://www.econbiz.de/10013091077

China and its Dollar Exchange Rate : A Worldwide Stabilizing Influence?

McKinnon, Ronald - 2013

potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused - both in China and …

Persistent link: https://www.econbiz.de/10013093442

China's Exchange Rate and Financial Repression : The Conflicted Emergence of the Renminbi as an International Currency

McKinnon, Ronald - 2014

China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan …/dollar exchange rate to encourage naturally high wage increases for balancing China's international competitiveness …

Persistent link: https://www.econbiz.de/10013057253

Management of the External Value of the Renminbi

Oksanen, Heikki - 2015

Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China's exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …

Persistent link: https://www.econbiz.de/10013023116

Exchange Rate Linkages between the ASEAN Currencies, the US Dollar and the Chinese RMB

Caporale, Guglielmo Maria - 2016

This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages between the ASEAN currencies and a regional currency unit. A long-memory (fractional integration) model allowing for endogenously determined...

Persistent link: https://www.econbiz.de/10012985392

The Renminbi Central Parity : An Empirical Investigation

Cheung, Yin-Wong - 2016

On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process …

Persistent link: https://www.econbiz.de/10012986235