We document stylized facts about China's recent exchange rate policy for its currency, the renminbi (RMB). Our …

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 …

This study examines the role of the Chinese renminbi (RMB) as an international anchor currency. After China abandoned …'s role reflected China's growing presence in the global economy, even challenging the USD in some of the 155 countries that … RMB's anchor weight in exchange rate policies remains low irrespective of China's global role. Overall, the weight of the …

The "home bias" phenomenon states that empirically, economic agents often under-utilize opportunities beyond their … country borders, and it is well-documented in various international pricing and purchase patterns. This bias manifests in the … than theoretically predicted to be optimal. Our paper documents another form of home bias, where market participants appear …

, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …