Shu, Chang; He, Dong; Cheng, Xiaoqiang - In: China Economic Review 33 (2015) C, pp. 163-178
This study presents evidence of the renminbi's growing influence in the Asia-Pacific region. The CNH market – the offshore renminbi foreign exchange market – is found to exert an effect on Asian currencies that is distinct from that of the onshore (CNY) market. Changes in the RMB/USD rates...