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euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
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On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency …
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Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a …
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This paper offers an empirical characterization of the relation between the international price of oil and exchange rates that is both useful and reliable. Our characterization is useful because it rests on information of asset prices that are determined in functioning asset markets. Our...
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