We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data …

We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data …

On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process. …

will inevitably lead to a diminishing international role for the USD. -- China ; renminbi ; yuan ; basket peg ; foreign …On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency … Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a …