On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency … Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …

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 analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the …

One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However … US dollar, China has alternative measures to retain its policy independence and de-link its interest rates from the US … rate. In other words, the argument for a flexible RMB to insulate China's monetary policy from the US effect is not …

We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data …

recommended by Zhou Xiaochuan, head of the People’s Bank of China. To avoid rapid forgetting of havoc from isolationist clean …

China's increasing trade volume and continuous integration with global financial markets have strengthened the … influences of the renminbi on the exchange rates of different currencies. Previous studies find closer co-movements between the … renminbi and other currencies. This paper is novel to investigate the underlying determinants of the comovement further, using …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …