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The insulating properties of flexible exchange rates have long been a highly contentious issue in emerging markets - not least in Asian emerging markets. A number of recent theoretical and empirical studies question whether a trade-off exists between rigid exchange rate regimes and insulation...
Persistent link: https://www.econbiz.de/10012171308
Specialists in international finance have long been impressed by the fragility of currency pegs. Yet Danmarks Nationalbank has been able to maintain the krone's peg to the euro since the euro came into existence in 1999, and the krone's peg to the Deutschmark and SDR for 17 years before that....
Persistent link: https://www.econbiz.de/10014231829
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China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive … effect on firms exporting to China but little positive or even a negative impact on those providing inputs for China …'s processing exports. Stock prices rise for firms competing with China in their home market while falling for firms importing …
Persistent link: https://www.econbiz.de/10012461061
Persistent link: https://www.econbiz.de/10014467682
China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive … effect on firms exporting to China but little positive or even a negative impact on those providing inputs for China …'s processing exports. Stock prices rise for firms competing with China in their home market while falling for firms importing …
Persistent link: https://www.econbiz.de/10013118251
changes in China's exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns … market sentiment and specific trade effects. Expected renminbi appreciation has a positive effect on firms exporting to China … competing with China in their home market but fall for firms importing Chinese products with large imported-input content. There …
Persistent link: https://www.econbiz.de/10013122435
, the paper finds that much progress has been made on RMB settlements for trade involving the People's Republic of China … (PRC) and on RMB-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to …
Persistent link: https://www.econbiz.de/10013060483
profits and damage investment. For China this suggests starting with a modest band widening and a limited increase in …
Persistent link: https://www.econbiz.de/10005084521