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Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10010515474
We document stylized facts about China's recent exchange rate policy for its currency, the renminbi (RMB). Our …
Persistent link: https://www.econbiz.de/10011997655
This study examines the role of the Chinese renminbi (RMB) as an international anchor currency. After China abandoned …'s role reflected China's growing presence in the global economy, even challenging the USD in some of the 155 countries that … RMB's anchor weight in exchange rate policies remains low irrespective of China's global role. Overall, the weight of the …
Persistent link: https://www.econbiz.de/10014519200
Persistent link: https://www.econbiz.de/10012302074
Persistent link: https://www.econbiz.de/10011695808
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, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …
Persistent link: https://www.econbiz.de/10003818402
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933130
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933930
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 of internationalising the renminbi from the perspective of the …
Persistent link: https://www.econbiz.de/10003956012