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and management of the renminbi. -- renminbi internationalisation ; net international asset position ; convertibility …
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Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the 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...
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This study investigates the impact of currency convertibility under the current account on the informational linkage … convertibility increased the informational connection between the government's official exchange rate and the swap market exchange …. Moreover, the results also suggest that more complete currency convertibility was needed for more informed renminbi exchange …
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Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the 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...
Persistent link: https://www.econbiz.de/10013141641