We use rolling cointegration tests to investigate the relationship between the Renminbi daily future spot return and … the forward discount rate for the period after the currency regime reform in China in July 2005. We find that there are … the forward discount rate in China. The unbiasedness hypothesis that the forward rate is an unbiased predictor of the …

This paper aims to examine the impact of changes in the Chinese renminbi (RMB) exchange rate against the United States … (US) dollar on the ASEAN5 countries’ exports to the US. The Johansen cointegration test and Ordinary Least Square (OLS …) regression are applied. The cointegration tests show that there are long-term relationships among real GDP of the US, ASEAN5’s …

preeminence. China seems to be moving steadily in that direction, and renminbi convertibility will proceed apace not least because … renminbi will eclipse the dollar, what will be the timing of, and the prerequisites for this transition, and which of the two … years traditionally believed. Applying these findings to the current context suggests that the renminbi could become the …

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. …

Relying on new cointegration framework with structural breaks in the deterministic trend, this article employs the … behavioral equilibrium exchange rate (BEER) approach to estimate the equilibrium real exchange rate of Renminbi (RMB) and … exchange rate misalignment in China from 1994Q1 to 2007Q4. The main findings of the article are that RMB was overvalued during …

of Renminbi (RMB) and the exchange rate misalignment in China, which covers the period from 1994q1 to 2006q2. Using the …