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years, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a …
Persistent link: https://www.econbiz.de/10013053465
and the transmission of China's monetary policy to the region. The continuing growth of the offshore renminbi market … China's progress in liberalising its capital account. The findings also suggest that China's regional influence is …
Persistent link: https://www.econbiz.de/10013053821
The People's Republic of China (PRC) has been quite aggressive recently in promoting the international use of its …
Persistent link: https://www.econbiz.de/10013055867
considerably. However, most of this research tends to focus analysing it from the supply side, looking, for example, at China … the renminbi in South Korea, an ordinary foreign economy with neither unique political economic relations with China (as … renminbi into a consequential international currency even in East Asia may not be an inevitable outcome for China, despite the …
Persistent link: https://www.econbiz.de/10013056116
financial markets. Although the People's Republic of China (PRC) does not have either an open capital account or a flexible … shares of global trade and gross domestic product. Through bilateral swaps that the People's Bank of China has established …
Persistent link: https://www.econbiz.de/10013056313
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
Most studies of renminbi internationalization focus on the supply side, by examining China's own economic and political … South Korea, China's next-door neighbor. The study finds that sustainable indigenous market forces facilitating renminbi use … in South Korea remain weak, despite the country's close economic ties with China. This research also shows, however, that …
Persistent link: https://www.econbiz.de/10013022705
We investigate the relationship between market uncertainty and the relative value of the Renminbi against currencies that the safe haven literature typically considers as the traditional safe haven currency candidates. Our sample spans the February 2011 to April 2016 period. Band spectral...
Persistent link: https://www.econbiz.de/10012987643
Persistent link: https://www.econbiz.de/10012803092
We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region's financial development, growth rate, degree of...
Persistent link: https://www.econbiz.de/10013044917