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Global implications of the renminbi's ascendance
Prasad, Eswar S. - 2014
This paper evaluates the prospects for the renminbi's role as an international currency and the implications for global … exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRC's rising … with other countries' central banks, the renminbi is also becoming more prominent in international finance. However, the …
Persistent link: https://www.econbiz.de/10010260034
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Global Implications of the Renminbi's Ascendance
Prasad, Eswar S. - 2014
This paper evaluates the prospects for the renminbi's role as an international currency and the implications for global … exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRC's rising … with other central banks, the renminbi is also becoming more prominent in international finance. However, the renminbi is …
Persistent link: https://www.econbiz.de/10013056313
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The international role of the dollar: Does it matter if this changes?
Goldberg, Linda - 2011
There is often speculation that the international roles of currencies may be changing. This paper presents the current status of these roles. The U.S. dollar continues to be the dominant currency across various uses. Yet, such a role may change over time. If this occurs, there could be...
Persistent link: https://www.econbiz.de/10010287176
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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10010269032
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The Determinants of China's International Portfolio Equity Allocations
Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar - 2020
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012207682
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A Pragmatic Approach to Capital Account Liberalization
Prasad, Eswar; Rajan, Raghuram G. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10005859714
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The determinants of China's international portfolio equity allocations
Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar S. - 2020
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012178659
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A Pragmatic Approach to Capital Account Liberalization
Prasad, Eswar; Rajan, Raghuram G. - Institute for the Study of Labor (IZA) - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10005703740
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan; Prasad, Eswar; Taylor, Ashley D. - Institute for the Study of Labor (IZA) - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10005070416
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Yen or Yuan? China's role in the future of Asian monetary integration
Hefeker, Carsten; Nabor, Andreas - 2002
instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the … Asian currencies. It is rather unlikely that the renminbi will assume a dominant role immediately but by drawing comparisons …
Persistent link: https://www.econbiz.de/10010295536