Narrow search
Showing 31 - 40 of 530,274
Cover Image
The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate
Bénassy-Quéré, Agnès - 2013
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
Cover Image
On the Inclusion of the Chinese Renminbi in the SDR Basket
Bénassy-Quéré, Agnès - 2013
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next...
Persistent link: https://www.econbiz.de/10013089684
Cover Image
China and its Dollar Exchange Rate : A Worldwide Stabilizing Influence?
McKinnon, Ronald - 2013
potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused - both in China and …
Persistent link: https://www.econbiz.de/10013093442
Cover Image
The Renminbi Central Parity : An Empirical Investigation
Cheung, Yin-Wong - 2018
On August 11, 2015, China revamped its procedure for setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation suggests that the intertemporal dynamics of China's central parity shifted … no evidence of a rate-fixing role for the RMB exchange rate against the currency basket announced by China in December …
Persistent link: https://www.econbiz.de/10012935986
Cover Image
China's Evolving Managed Float : An Exploration of the Roles of the Fix and Broad Dollar Movements in Explaining Daily Exchange Rate Changes
Clark, John - 2017
We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix—the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...
Persistent link: https://www.econbiz.de/10012943314
Cover Image
Currency Co-Movements in Asia-Pacific : The Regional Role of the Renminbi
Marconi, Daniela - 2016
The economic and political influence of China in the Asia-Pacific region is growing and the internationalization of the …
Persistent link: https://www.econbiz.de/10012980036
Cover Image
The RMB Central Parity Formation Mechanism : August 2015 to December 2016
Cheung, Yin-Wong - 2020
We study the renminbi (RMB) central parity formation mechanism following the August 2015 reform using statistical models. We identify the roles of the onshore and offshore RMB exchange rates and the US dollar index in determining the central parity in a linear regression framework. The effect of...
Persistent link: https://www.econbiz.de/10012854508
Cover Image
China's Exchange Rate and Financial Repression : The Conflicted Emergence of the Renminbi as an International Currency
McKinnon, Ronald - 2014
China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan …/dollar exchange rate to encourage naturally high wage increases for balancing China's international competitiveness …
Persistent link: https://www.econbiz.de/10013057253
Cover Image
Management of the External Value of the Renminbi
Oksanen, Heikki - 2015
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
Cover Image
The Renminbi Central Parity : An Empirical Investigation
Cheung, Yin-Wong - 2016
On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process …
Persistent link: https://www.econbiz.de/10012986235