Showing 1 - 10 of 5,255
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
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
We study the renminbi (RMB) central parity formation mechanism following the August 2015 reform using statistical …
Persistent link: https://www.econbiz.de/10012854508
This study investigates how variation in the determinants of the renminbi's daily fixing since the August 2015 exchange … rate reform maps on to variation in the co- movement of the renminbi with regional and other emerging market currencies. We … July 2017 leaves it premature to speak of a renminbi zone. The dependence of the co-movements on renminbi management has …
Persistent link: https://www.econbiz.de/10012916966
coexistence of financial restrictions and arbitrages. Using China as an example, we show that the coexistence of exchange rate …
Persistent link: https://www.econbiz.de/10012945050
This paper examines structural changes in the exchange rate mechanism of China. For this purpose, we propose a …
Persistent link: https://www.econbiz.de/10012824623
Behavioral Equilibrium Exchange Rate (BEER) approach. We employ monthly data with reference to China's top 20 trading partners … US dollar and some currencies of China's main trading partners depreciated during the period of crisis. More recently …, the degree of RMB misalignment slightly declined since 2012 when the RMB proceeded to appreciate and China's ratio of …
Persistent link: https://www.econbiz.de/10013007133
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/10013023116
Equilibrium exchange rate is a key concept to measure whether the RMB exchange rate is undervalue or overvalued. This paper try to calculate the equilibrium exchange rate from 1985 to 2013 by the reduced-form equation which provided by Clark and Ronald Macdonald (1988). The exchange rate...
Persistent link: https://www.econbiz.de/10013017364
The renminbi (RMB) has become something of a buzzword that is mentioned in all discussions, despite the fact that the … that within only a few years has become the biggest in the world after the United States. Second, China's soaring growth …
Persistent link: https://www.econbiz.de/10013113511