Showing 1 - 10 of 504
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with …
Persistent link: https://www.econbiz.de/10013316479
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
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
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
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10012753619
This paper presents a theoretical framework analyzing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the signalling channel. The theoretical premise of the model is that interventions...
Persistent link: https://www.econbiz.de/10013092279
We explore the role of interest rate policy in the exchange rate determination process. Specifically, we derive exchange rate equations from interest rate rules that are theoretically optimal under a few alternative settings. The exchange rate equation depends on its underlying interest rate...
Persistent link: https://www.econbiz.de/10013092385
In this paper we re-consider the effects of monetary policy shocks on exchange rates and forward premia. In the recent empirical literature, these effects have been predominantly described as puzzling, in that they would include delayed overshooting of the exchange rate as well as persistent...
Persistent link: https://www.econbiz.de/10013094323
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
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