euro and the Chinese renminbi (RMB). It focuses on what we call China's "dominance hypothesis", i.e. whether the renminbi … affected by those in the rest of Asia. - International monetary system ; exchange rates ; tri-polarity ; China ; renminbi ; US … global financial crisis. These results are consistent with China's dominance hypothesis and with the view that the …

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank's desire to hold a sizable …