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We document stylized facts about China's recent exchange rate policy for its currency, the renminbi (RMB). Our …
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We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...
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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. …
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The discussions on Renminbi (RMB) exchange rate could not depart from the ongoing reform of RMB exchange rate regime … open economy facing the Trilemma, China should explicitly establish the principle of domestic monetary policy dominance in … changes in economic fundamentals in China and abroad, which will cause distortions, resulting in resource misallocations and …
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