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Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a …
Persistent link: https://www.econbiz.de/10010531800
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reserves, influential US policymakers are urging the Chinese authorities to allow a substantial appreciation of the Renminbi …
Persistent link: https://www.econbiz.de/10011790336
The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China …
Persistent link: https://www.econbiz.de/10011790340
measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi … internationalization is examined. The growth of renminbi-based trade and settlements has made it Asia's new reference currency, surpassing …
Persistent link: https://www.econbiz.de/10011790341
dollar’s decline are the euro and the Chinese renminbi. The probability that the renminbi will eventually become one of the …
Persistent link: https://www.econbiz.de/10010317320
Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...
Persistent link: https://www.econbiz.de/10010279816
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the …
Persistent link: https://www.econbiz.de/10010281451