We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China's currency has …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …

China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land … zu binden, sollte China die Bandbreite für den Handel mit dem Renminbi allmählich vergrößern. Eine unabhängige … zugelassen. Die Nutzung von Hongkong als Prüfstein für eine Internationalisierung des Renminbi ermöglicht die Entwicklung eines …

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …