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China has been provoked into speeding renmnibi 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 …
Persistent link: https://www.econbiz.de/10013057253
impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China's offshore …'s Republic of China's (PRC) trade and the convenience of using the renminbi for transaction settlements is one contributing …Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made …
Persistent link: https://www.econbiz.de/10013058802
represented. Thus, China will play an increasingly larger role in the future in world monetary matters. The drama surrounding …
Persistent link: https://www.econbiz.de/10013018855
China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by …, and the Global Financial Crisis forced China toward rebalancing, which is a work in progress. Reflecting on the …
Persistent link: https://www.econbiz.de/10013027663
Internationalization of Renminbi is a clear policy and an irreversible direction of the Chinese government. The use of … Renminbi as a global payment currency is growing rapidly. Meanwhile, financial centers are spotting the potential offered by … Renminbi to improve their competitive positions in the post financial crisis era. Major financial centers are making aggressive …
Persistent link: https://www.econbiz.de/10012987168
We investigate the relationship between market uncertainty and the relative value of the Renminbi against currencies … uncertainty and the relative value of the Renminbi is frequency dependent. While we find evidence of some degree of safe haven … currency behavior of the Renminbi during the early part of our sample, our findings do not support the suggestion that the …
Persistent link: https://www.econbiz.de/10012987643
Renminbi; Reservewährung; Währungsreserven; Weltwährungssystem; lernende Gesellschaft …international currency system; reserve currency; currency reserves; learning society; China …In der vorliegenden Dissertation wird der Aufstieg der chinesischen Volkswährung - Renminbi - an den Weltfinanzmärkten …
Persistent link: https://www.econbiz.de/10012801946
Persistent link: https://www.econbiz.de/10012803092
to purchase and sell financial assets. Our model contributes to the debate on the internationalization of the renminbi …, supporting the view that deep financial reforms should precede capital account liberalization to sustain the renminbi …
Persistent link: https://www.econbiz.de/10013044917
international currency. If the renminbi were to become a dominant international currency, it would require China to attain a much … dynamic path and lead to an earlier critical transition. We then discuss the implications for the renminbi, a budding …
Persistent link: https://www.econbiz.de/10013046848