We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …

We study the renminbi (RMB) covered interest differential - an indicator of the effectiveness of capital controls. It … than before. That is, capital controls in China are still substantial and effective. In addition to exchange rate changes …

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 …

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the … through ; China ; inflation ; markups …

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 priceswith …

How can a currency achieve more widespread international use? We study the internationalization of the Chinese renminbi … expanded a currency swap line with the People's Bank of China. Within the next few months, the share of imports from China … document firm-level spillovers, with RMB use for imports from China increasing the likelihood of RMB use for imports from other …

trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error …-correction models (ECM) revealed that real dollar-renminbi rate misalignment has short-run effects on 35 U.S. exporting and 53 U … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …

Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the … international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …. This paper discusses the factors shaping the prospects of internationalising the renminbi from the perspective of the …

will inevitably lead to a diminishing international role for the USD. -- China ; renminbi ; yuan ; basket peg ; foreign …On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency … Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a …

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. …