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The Future of International Liquidity and the Role of China

Taylor, Alan M. - 2013

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system …

Persistent link: https://www.econbiz.de/10013087068

A New Financial Order in Asia : Will a RMB Bloc Emerge?

Ito, Takatoshi - 2016

Drawing Rights (SDR), effective in October 2016, with 10.92 percent, ranking number 3, surpassing the JPY and GBP. Finally …

Persistent link: https://www.econbiz.de/10012980662

Are Currency Appreciations Contractionary in China?

Shi, Jianhuai - 2007

with the undervaluation of renminbi (RMB). But the Chinese Government hesitates to allow RMB to appreciate because of the …

Persistent link: https://www.econbiz.de/10012778299

Rmbi or Rmbr : Is the Renminbi Destined to Become a Global or Regional Currency?

Eichengreen, Barry - 2015

Previous studies have focused on when the renminbi will play a significant role as an international currency, but less … attention has been paid to where. We fill this gap by contrasting two answers to the question. One is that the renminbi will … financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will …

Persistent link: https://www.econbiz.de/10013011929

On the Renminbi : The Choice between Adjustment Under a Fixed Exchange Rate and Adjustment Under a Flexible Rate

Frankel, Jeffrey A. - 2021

Fixed and flexible exchange rates each have advantages, and a country has the right to choose the regime suited to its circumstances. Nevertheless, several arguments support the view that the de facto dollar peg may now have outlived its usefulness for China. (1) China's economy is on the...

Persistent link: https://www.econbiz.de/10013232023

The Exchange Value of the Renminbi and China'S Balance of Trade : An Emp Irical Study

Zhang, Zhaoyong - 2021

This paper aims at assessing the relationship between the exchange value of the Chinese Renminbi (RMG) and China …

Persistent link: https://www.econbiz.de/10013234033

The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China

Aizenman, Joshua - 2015

This paper provides an overview of Chinese financial and trade integration in recent decades, and the challenges facing China in the coming years. China had been a prime example of exported growth, benefiting from learning by doing, and by adopting foreign know-how, supported by a complex...

Persistent link: https://www.econbiz.de/10013028538

Learning About Intervention Target Zones

Klein, Michael W. - 2010

This paper provides a framework for evaluating how market participants' beliefs about foreign exchange target zones change as they learn about central bank intervention policy. In order to examine this behavior, we first generalize the standard target zone model to allow for intra-marginal...

Persistent link: https://www.econbiz.de/10013140134

Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery

Dooley, Michael P. - 2012

This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...

Persistent link: https://www.econbiz.de/10013103790

When Did the Dollar Overtake Sterling as the Leading International Currency? Evidence from the Bond Markets

Chitu, Livia - 2012

This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than commonly supposed, as early as in 1929. Financial market...

Persistent link: https://www.econbiz.de/10013106301