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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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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - European Central Bank - 2011
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region … the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the …
Persistent link: https://www.econbiz.de/10009367477
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Renminbi in the future international monetary system
Yeh, Kuo-chun - In: International Review of Economics & Finance 21 (2012) 1, pp. 106-114
renminbi is expected to be the next international currency with the continued growth of China. Will a forthcoming multiple … reserve currency system be an origin of instability? This study analyzes whether or not a prospective G3 plus renminbi …
Persistent link: https://www.econbiz.de/10010688123
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On the inclusion of the Chinese renminbi in the SDR basket.
Bénassy-Quéré, Agnès; Capelle, Damien - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
We study 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 decades, and...
Persistent link: https://www.econbiz.de/10010596144
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The renminbi as an additional international reserve currency?
Liu, MIchael; Moshirian, Fariborz - In: Journal of Financial Perspectives 2 (2014) 3, pp. 21-31
that could contribute to the emergence of the Chinese currency (renminbi/ yuan) as an international currency. To this end …
Persistent link: https://www.econbiz.de/10011095517
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On the inclusion of the Chinese renminbi in the SDR basket
Bénassy-Quéré, Agnès; Capelle, Damien - HAL - 2012
We study 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 decades, and...
Persistent link: https://www.econbiz.de/10011025822
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China’s Dominance Hypothesis and the Emergence of a Tri-polar Global Currency System
Fratzscher, Marcel; Mehl, Arnaud - C.E.P.R. Discussion Papers - 2011
renminbi is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the …, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the … that the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the …
Persistent link: https://www.econbiz.de/10009371469
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The quest for determinants of Chinese exchange rate policy
Borowski, Jakub; Czerniak, Adam; Jaworski, Krystian - In: Bank i Kredyt 45 (2014) 5, pp. 407-432
This paper examines the decision function of the People’s Bank of China concerning setting of the renminbi exchange … the U.S. on greater exchange rate flexibility had a positive impact on the probability of renminbi exchange rate …. This goal, however, is compromised by allowing the renminbi to appreciate under pressure from the U.S. Treasury. This …
Persistent link: https://www.econbiz.de/10011200004