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Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China's exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10013023116
This study investigates how variation in the determinants of the renminbi's daily fixing since the August 2015 exchange … rate reform maps on to variation in the co- movement of the renminbi with regional and other emerging market currencies. We … July 2017 leaves it premature to speak of a renminbi zone. The dependence of the co-movements on renminbi management has …
Persistent link: https://www.econbiz.de/10012916966
We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolarstructure still lacks basic conditions for perfectly integrated markets
Persistent link: https://www.econbiz.de/10012918398
preeminence. China seems to be moving steadily in that direction, and renminbi convertibility will proceed apace not least because … renminbi will eclipse the dollar, what will be the timing of, and the prerequisites for this transition, and which of the two … years traditionally believed. Applying these findings to the current context suggests that the renminbi could become the …
Persistent link: https://www.econbiz.de/10013120543
euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …
Persistent link: https://www.econbiz.de/10013085286
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 …As the internationalisation of the renminbi has progressed rapidly in recent years, research on it has also grown …
Persistent link: https://www.econbiz.de/10013056116
vulnerability. As demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China; Hong Kong …, China; and Macao, China, the existence of appropriate financial infrastructure could reduce the relatively larger costs of …
Persistent link: https://www.econbiz.de/10013059419
success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the emergence of …
Persistent link: https://www.econbiz.de/10013060670
economic success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the …
Persistent link: https://www.econbiz.de/10010231421
euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the … shock. -- China ; yuan ; exchange-rate regime ; euro ; dollar …
Persistent link: https://www.econbiz.de/10009721995