and regain autonomy in its monetary policy, China needs to move toward a free floating exchange rate system by refraining …

and business circles outside China, this paper argues that the Chinese government is able to and will defend RMB in the … near future. The cost for China to defend RMB is not formidably high for the time being. However, as China implements an …

The framework of "one currency, two markets" makes China's currency market quite unique compared to its Western … counterparts. In this study, we characterize the linkage between the onshore and o shore Renminbi exchange rates, and estimate the … effect of the recent Renminbi market reforms against the backdrop of Renminbi internationalization. Using GARCH-type models …

China's currency, the renminbi or yuan, is not freely convertible on international foreign exchange markets; foreign … exchange is still heavily controlled in China even though major reforms swept the Chinese foreign exchange control regime in … uncertainties increase transaction costs and hinder China's deeper financial reform …