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On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
This paper studies the ongoing diffusion of renminbi trading across the globe, the first such research of an … international currency. It analyses the distribution in offshore renminbi trading in 2013 and 2016, using comprehensive data from … centres favoured by the policy of renminbi internationalisation had big shares in global renminbi trading. In the following …
Persistent link: https://www.econbiz.de/10012863476
Official holdings of US dollar reserves are partly invested outside the United States. These offshore investments do not strictly speaking finance the US current account, but do support the US dollar. Offshore holdings grow fast when intervention is large
Persistent link: https://www.econbiz.de/10013092677
This paper explores the record of central bank swaps to draw out four themes. First, this recent device of central bank cooperation had a sustained pre-history from 1962-1998, surviving the transition from fixed to floating exchange rates. Second, Federal Reserve swap facilities have generally...
Persistent link: https://www.econbiz.de/10012837527
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
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 …
Persistent link: https://www.econbiz.de/10013316219
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 …
Persistent link: https://www.econbiz.de/10013141641
The Chinese authorities described the management of the renminbi after its 2005 unpegging from the US dollar as … the two years from mid-2006 to mid-2008, the renminbi strengthened gradually against trading partners' currencies within a … narrow band. In mid-2008, the financial crisis interrupted this experiment and the bilateral renminbi/dollar exchange rate …
Persistent link: https://www.econbiz.de/10013094185
-alignment of third currencies. What if the renminbi becomes a key currency alongside the dollar and the euro? Already some emerging … market currencies are co-moving with the renminbi against the dollar. On current evidence, a renminbi zone would shrink the …
Persistent link: https://www.econbiz.de/10012893452
We review extant work on the transmission of monetary policy, both conventional and unconventional, of the major advanced economies to East Asia through monetary policy reactions, integrated bond markets and induced currency appreciation. We present new results on the growth of foreign currency...
Persistent link: https://www.econbiz.de/10013059558