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The Renminbifs Dollar Peg at the Crossroads
Obstfeld, Maurice - In: Monetary and Economic Studies 25 (2007) S1, pp. 29-56
feasible and attractive exit strategy from the essentially fixed renminbi(RMB) exchange rate would be a two-stage approach …
Persistent link: https://www.econbiz.de/10004971236
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The Renminbifs Dollar Peg at the Crossroads
Obstfeld, Maurice - Institute for Monetary and Economic Studies, Bank of Japan - 2007
In the face of huge balance of payments surpluses and internal inflationary pressures, China has been in a classic conflict between internal and external balance under its dollar currency peg. Over the longer term, Chinafs large, modernizing, and diverse economy will need exchange rate...
Persistent link: https://www.econbiz.de/10004975768
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The Renminbi's Dollar Peg at the Crossroads
Obstfeld, Maurice - C.E.P.R. Discussion Papers - 2006
In the face of huge balance of payments surpluses and internal inflationary pressures, China has been in a classic conflict between internal and external balance under its dollar currency peg. Over the longer term, China’s large, modernizing, and diverse economy will need exchange rate...
Persistent link: https://www.econbiz.de/10005497979
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The People’s Republic of China’s Currency and Product Fragmentation
Yamashita, Nobuaki - Asian Development Bank Institute, Asian Development Bank - 2011
This paper examines how an appreciation of the currency of the People’s Republic of China (PRC)—renminbi—affects the …/93–2008/09. It constructs two exchange rates for renminbi: one is a bilateral real exchange rate and the other is a real effective … exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would somewhat offset a …
Persistent link: https://www.econbiz.de/10010991088
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Reserve currencies: Can multiplicity work?
Gupta, Satyendra Kumar; Goyal, Ashima - Indira Gandhi Institute of Development Research (IGIDR) - 2014
. The study further explores the greater use of Renminbi in East Asia and the trade integration in this region. …
Persistent link: https://www.econbiz.de/10010860133
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On the Inclusion of the Chinese Renminbi in the SDR Basket
Benassy-Quere, Agnes; Capelle, Damien - CESifo - 2012
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next...
Persistent link: https://www.econbiz.de/10010877819
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On the inclusion of the Chinese renminbi in the SDR basket
Bénassy-Quéré, Agnès; Capelle, Damien - In: Economie Internationale (2014) 139, pp. 133-151
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next...
Persistent link: https://www.econbiz.de/10010933185
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Central Bank Currency Swaps and the International Monetary System
Destais, Christophe - Centre d'études prospectives et d'informations … - 2014
exploitation by the People’s Bank of China (PBOC) to help internationalizing the renminbi. This trend was further confirmed in the …
Persistent link: https://www.econbiz.de/10010938573
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The United States and China: macroeconomic imbalances and economic diplomacy
Levy, Philip I. - American Enterprise Institute - 2011
Ample mutual misunderstanding exists between the United States and China in their economic arguments. There is likely to be an important race between economic and demographic forces that will naturally redress the imbalances and the political imperatives for each country to stand tough and fight.
Persistent link: https://www.econbiz.de/10010941143
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ADB Distinguished Lecture Renminbi Internationalization: Tempest in a Teapot?
Eichengreen, Barry - In: Asian Development Review 30 (2013) 1, pp. 148-164
ADB Distinguished Lecture delivered at ADB Headquarters in Manila on 11 January 2013. © 2013 Asian Development Bank and Asian Development Bank Institute.
Persistent link: https://www.econbiz.de/10011009735