three years, the renminbi (RMB) has increasingly become a reference currency, which we define as one that exhibits a high …

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system … moderate the perceived need for insurance, and China would have to loom large in both solutions. …

empirical results demonstrate that the renminbi non-deliverable forward (NDF) has been a driver of various Asian currency …

On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual … evolution of the renminbi over time. We utilize nonlinear dependencies in the renminbi exchange rate and describe the smooth … transition of the renminbi/U.S. dollar (RMB/USD) exchange rate using the family of time-varying autoregressive (TV-AR) models …

This paper attempts to assess how compatible China is with respect to its dollar-based exchange rate regime. Assessment … endogenous problem in OCA analysis and this view of convergence criteria, the relevant features of China are evaluated against … conditions in China broadly conform to those prevailing in these economies which maintain strong links to the US dollar. …

, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the … renminbi is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the …

The ‘internationalisation’ of the Chinese renminbi (RMB) is proceeding at a measured pace, with a sequence of reforms … RMB markets, and the linkages between them, over the past year. In light of China’s position as Australia’s largest …

China’s financial system, dominated by the banking sector, has played a central role in the development of an …