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The offshore renminbi exchange rate : microstructure and links to the onshore market
Cheung, Yin-Wong; Rime, Dagfinn - 2014
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We …
Persistent link: https://www.econbiz.de/10010367171
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China's exchange rate and financial repression : the conflicted emergence of the renminbi as an international currency
McKinnon, Ronald I.; Schnabl, Gunther - 2014
China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial …
Persistent link: https://www.econbiz.de/10010249643
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The crisis in the foreign exchange market
Melvin, Michael; Taylor, Mark P. - 2009
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This blow-by-blowʺ narrative is intended to be a resource for researchers seeking a...
Persistent link: https://www.econbiz.de/10003861767
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011514149
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The financial channel of the exchange rate and global trade
Ma, Sai; Schmidt-Eisenlohr, Tim - 2023
This paper provides evidence that the U.S. dollar affects countries' exports through the financial channel of the exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it documents a positive relationship between the dollar and...
Persistent link: https://www.econbiz.de/10014293276
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Management of the external value of the renminbi
Oksanen, Heikki - 2015 - This version: 16 April 2015
Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a …
Persistent link: https://www.econbiz.de/10010515474
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The evolution of offshore renminbi trading : 2016 to 2019
Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi …
Persistent link: https://www.econbiz.de/10012234514
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Renminbising China's foreign assets
Cheung, Yin-Wong; Ma, Guonan; McCauley, Robert N. - 2010
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 … and management of the renminbi. -- renminbi internationalisation ; net international asset position ; convertibility …
Persistent link: https://www.econbiz.de/10003956012
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The undisclosed renminbi basket : are the markets telling us something about where the renminbi - US dollar exchange rate is going?
Funke, Michael (contributor); Gronwald, Marc (contributor) - 2008
Persistent link: https://www.econbiz.de/10003674399
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Exchange rate misalignment : the case of the Chinese Renminbi
Cheung, Yin-Wong - 2012
, the renminbi (RMB), this article highlights a few challenges in properly assessing the extent of currency misalignment …
Persistent link: https://www.econbiz.de/10009533965