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China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the tightening embrace between the two countries - in terms of flows of goods and services, financial capital and people - and discusses the potential flashpoints in this relationship....
Persistent link: https://www.econbiz.de/10010331376
China has taken first steps hinting at an internationalization of the Renminbi: The country has begun cautious action …. Promoting Hong Kong as a test center for the Renminbi's internationalization is pointing in the right direction because it at … least makes an offshore Renminbi market possible. Therefore, the silent re-pegging of the Renminbi to the US Dollar in 2008 …
Persistent link: https://www.econbiz.de/10011601306
China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land … zugelassen. Die Nutzung von Hongkong als Prüfstein für eine Internationalisierung des Renminbi ermöglicht die Entwicklung eines … Offshore-Renminbi-Marktes. In diesem Zusammenhang bedeutete die stillschweigende erneute Anbindung des Renminbi an den US …
Persistent link: https://www.econbiz.de/10011602172
Die zunehmenden Handelsbilanzüberschüsse Chinas gegenüber den USA haben eine Diskussion darüber ausgelöst, ob der Yuan gegenüber dem US-Dollar fundamental unterbewertet sei. Der Forderung, die heimische Währung deutlich aufzuwerten, hat sich China bisher widersetzt. Das schafft gerade...
Persistent link: https://www.econbiz.de/10011602239
and households seeking to diversify assets offshore; (3) Renminbi internationalization push, which facilitated capital …
Persistent link: https://www.econbiz.de/10011985724
We document stylized facts about China's recent exchange rate policy for its currency, the renminbi (RMB). Our …
Persistent link: https://www.econbiz.de/10012030290
evolution of the renminbi over time. We utilize nonlinear dependencies in the renminbi exchange rate and describe the smooth … transition of the renminbi/U.S. dollar (RMB/USD) exchange rate using the family of time-varying autoregressive (TV-AR) models …
Persistent link: https://www.econbiz.de/10010264340
renminbi, and they can be expected to adopt an increasingly active stance on China's exchange rate policy. …
Persistent link: https://www.econbiz.de/10010273716
. This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi vis-à-vis the USD from …. Simulations incorporating these microeconomic findings reveal that a substantial revaluation of the renminbi would result in a …
Persistent link: https://www.econbiz.de/10011430113
demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China and Hong Kong, China, the …
Persistent link: https://www.econbiz.de/10011432695