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China's exchange rate and financial repression : the conflicted emergence of the renminbi as an international currency

McKinnon, Ronald I.; Schnabl, Gunther - 2014

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …

Persistent link: https://www.econbiz.de/10010249643

The path to Kina convertibility : an analysis of Papua New Guinea's foreign exchange market

Davies, Martin; Schröder, Marcel - 2022

discussed currently in PNG are inadequate to restore currency convertibility. For this, a real exchange rate depreciation is …

Persistent link: https://www.econbiz.de/10013207163

Currency devaluations, distribution conflict and inflation in a post-Kaleckian open economy model

Campana, Juan Manuel - 2024

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …

Persistent link: https://www.econbiz.de/10015050162

(De)Stabilizing exchange rate strategies in East Asian monetary and economic integration

Schnabl, Gunther; Spantig, Kristina - 2014

The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...

Persistent link: https://www.econbiz.de/10010436724

China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes

Clark, John - 2017

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...

Persistent link: https://www.econbiz.de/10011754330

Reading a target zone in Keynes's 'Indian currency and finance'

Smith, Gregor W. - 1994

The gold-exchange standard in India 1893-1913 was characterized by a narrow target zone for the exchange rate, a wide annual range for the international interest-rate differential, and negative (seasonal) autocorrelation in interest rates. These properties are consistent with a standard...

Persistent link: https://www.econbiz.de/10009676166

Towards an expanded role for Asian currencies : issues and prospects

Chow, Hwee-kwan - 2011

Notwithstanding incumbency advantages and network effects enjoyed by the United States (US) dollar, considerations about the stability of its value have led Asian countries to fear they are holding their foreign exchange reserves in a depreciating currency. At the same time, it pays for the...

Persistent link: https://www.econbiz.de/10009130480

Output divergence in fixed exchange rate regimes : is the euro area growing apart?

Chen, Yao; Ward, Felix - 2022 - This version: April 2022

regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When … core. An empirical analysis confirms that the periphery's higher structural wage inflation rate contributed to its lower …

Persistent link: https://www.econbiz.de/10013186796

Virtual currencies and their potential impact on financial markets and monetary policy

Dąbrowski, Marek; Janikowski, Lukasz - 2018

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...

Persistent link: https://www.econbiz.de/10011929341

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011710723