Showing 1 - 10 of 70
Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency, the renminbi (RMB), this article highlights a few challenges in properly assessing the extent of currency misalignment. The results derived from the fundamental equilibrium...
Persistent link: https://www.econbiz.de/10009533965
Persistent link: https://www.econbiz.de/10011308026
The People's Republic of China (PRC) has been quite aggressive recently in promoting the international use of its currency, the renminbi. Historical experience suggests that an active offshore market is essential for a global currency. Indeed, anecdotal evidence affirms the role of offshore...
Persistent link: https://www.econbiz.de/10010337641
Persistent link: https://www.econbiz.de/10010457182
Persistent link: https://www.econbiz.de/10012491097
Persistent link: https://www.econbiz.de/10014251299
Persistent link: https://www.econbiz.de/10003794229
Persistent link: https://www.econbiz.de/10003850574
The paper assesses the international status of the Chinese currency renminbi (RMB) by recounting and reviewing the recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is gaining acceptance overseas. However, compared with the...
Persistent link: https://www.econbiz.de/10008908359
Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...
Persistent link: https://www.econbiz.de/10003956012