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This paper evaluates the prospects for the renminbi's role as an international currency and the implications for global … exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRC's rising … with other countries' central banks, the renminbi is also becoming more prominent in international finance. However, the …
Persistent link: https://www.econbiz.de/10010260034
This paper evaluates the prospects for the renminbi's role as an international currency and the implications for global … exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRC's rising … with other central banks, the renminbi is also becoming more prominent in international finance. However, the renminbi is …
Persistent link: https://www.econbiz.de/10013056313
instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the … Asian currencies. It is rather unlikely that the renminbi will assume a dominant role immediately but by drawing comparisons …
Persistent link: https://www.econbiz.de/10010295536
This paper provides an overview of Chinese financial and trade integration in recent decades, and the challenges facing China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by adopting foreign know-how, supported by a complex...
Persistent link: https://www.econbiz.de/10013027663
This paper studies how an appreciation of the yuan affects the exports of other Asian countries. It finds mixed effects. Countries that export consumer goods to China or compete in third markets benefit from yuan appreciation, while countries that supply capital goods to China lose. These...
Persistent link: https://www.econbiz.de/10014224730
For now, effective capital controls allow the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond market rationing. Relaxation of the capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from...
Persistent link: https://www.econbiz.de/10013092014
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … account but with significant administrative and other soft controls. The renminbi will play an increasingly important role in …
Persistent link: https://www.econbiz.de/10010282485
Persistent link: https://www.econbiz.de/10011659802
(GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB …
Persistent link: https://www.econbiz.de/10010397329
Persistent link: https://www.econbiz.de/10014317084