This paper examines structural changes in the exchange rate mechanism of China. For this purpose, we propose a …

The debate on renminbi (RMB) revaluation has not subsided, despite the policy change announced by the Chinese … undervaluation, the results are not significant in the statistical sense. We also note that China is playing an important economic … from foreign countries and short-run considerations may have undesirable effects on the economies of China and the Asian …

China’s exchange rate reform, initiated in 2005, had the goal of switching from a fixed U.S. dollar (USD) peg to a … floating mechanism with reference to a trade-weighted currency basket. Over a decade of gradual transition, the renminbi (RMB …, which has important implications for China and the global economy …

of Wisconsin, Madison and NBER) and Eiji Fujii (University of Tsukuba).We evaluate whether the Renminbi (RMB) is …

The bilateral real exchange rate between Chinese renminbi (RMB) and the US dollar is studied. The panel data Penn … appreciation path satisfies the interests of both China and the US …

Frankel and Wei (2007) for the RMB of China, using daily data from February 2005 to July 2011. We estimate jointly the … currencies, which is hard to explain by trade importance to or trade competition with China. We examine currency baskets of these …

With the rise of the People's Republic of China (PRC) as the world's largest trading nation (measured by trade value … financial crisis has been pursuing a policy to internationalize its currency, the renminbi (RMB). Clearly the exchange rate …

This paper examines whether the renminbi (RMB) has supplanted the US dollar as the major anchor currency in the …

This paper provides an overview of the potential international role of the renminbi (RMB). Reviewing the current state …, the paper finds that much progress has been made on RMB settlements for trade involving the People's Republic of China … (PRC) and on RMB-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to …

success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the emergence of …