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Who has been in the driving seat promoting internationalization of the Chinese renminbi? Why has this actor been pushing it? How has the project managed to acquire support from other domestic actors? This study addresses these issues, highlighting the leading role of the Chinese central bank in...
Persistent link: https://www.econbiz.de/10012830667
The author examines China's monetary policy in the light of the sterilization process of the excess liquidity caused by … relationship between China and the European Union is investigated. It is pointed out that China's role as a global importer and a … global investor has been significantly appreciated. Thanks to China's active economic presence in the European market during …
Persistent link: https://www.econbiz.de/10013099553
Although growth deceleration in the People's Republic of China (PRC) is inevitable, if the country's new direction of …
Persistent link: https://www.econbiz.de/10009781297
This article seeks to demonstrate the stability of US-China monetary relations before and after the 2007-09 financial … crisis. Domestic and international factors make the disruption of the US-China monetary relation extremely unlikely. On the … domestic side, China faces a delicate political situation and US political rhetoric has not been matched with concrete measures …
Persistent link: https://www.econbiz.de/10014202673
We study the effects of Chinese monetary policy shocks on China's major trading partners in East Asia by estimating … China leads to an increase in real GDP (temporary) and the price level (permanent) in a number of economies in our sample … importance of China for its neighboring economies and the significance of Chinese shocks for the design of monetary policy in …
Persistent link: https://www.econbiz.de/10014217751
effects in the same way. On the other hand, result from the dynamic analysis, shows that China contributes highest shock … transmission is found to be highest. The dominance of China in the real sector implies the possibility of business cycle … synchronization in the region, especially if China is triggered; however, the insignificance currency-shock transmission between China …
Persistent link: https://www.econbiz.de/10011886554
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