Results 1 to 10 of about 14,838 (208)

Renminbi internationalisation: precedents and implications [PDF]

Journal of Chinese Economic and Business Studies, 2013
While it is commonly assumed that there are no known precedents against which to benchmark the internationalisation of the Renminbi (RMB), this paper argues that the PRCs own development experience provides a useful perspective on the internationalisation debate.
Berglof E., Bloomfield A. I., Catron G., Chou C. H., Clauson G. L. M., Damian Tobin, Diamond J., Donnithorne A., Gerschenkron A., Goodstadt L. F., Hsu R. C., Kambara T., Kueh Y. Y., Lardy N. R., Mullineux A., Reardon L. C., Schenk C., Solinger D. J., Sung Y. W.   +18 more
openaire   +4 more sources

The overvaluation of Renminbi undervaluation [PDF]

Journal of International Money and Finance, 2007
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for, there is little statistical evidence that the RMB is ...
Yin-Wong Cheung, Eiji Fujii
exaly   +5 more sources

Renminbi Going Global [PDF]

SSRN Electronic Journal, 2011
AbstractThe present paper evaluates the international status of the Chinese currency, the renminbi (RMB), by examining its use in the global market. Specifically, the discussion focuses on the recent developments of RMB trading in the global foreign exchange market, cross‐border trade settlement in RMB, the Hong Kong offshore market and China's ...
Xiaoli Chen, Yin-Wong Cheung
openaire   +5 more sources

Diversificación de la composición oficial de las reservas internacionales de divisas (2016-2022)

Política Internacional, 2023
La evolución del Sistema Monetario Internacional hacia la multipolaridad ha sido un proceso gradual que se ha desarrollado gracias a los avances en ciencia y tecnología en las finanzas, los cambios en la correlación de fuerzas en las relaciones ...
María Fernanda Benítez Pena
doaj   +4 more sources

To be or renminbi: Trend in the evolution of the international monetary system [PDF]

Industrija, 2014
By joining the recent research bandwagon in international finance, this paper reexamines the potential of Chinese yuan for becoming a leading world currency.
Malović Marko G.
doaj   +1 more source

Renminbi Internationalization: Domestic Challenges and External Implications

Desafíos, 2020
Neste trabalho investigou-se o processo de inserção da moeda chinesa, o renminbi (rmb), no Sistema Monetário Internacional (smi). Ao analisarmos o histórico de internacionalização do rmb, e os instrumentos que o governo chinês tem utilizado para tal ...
Ana Tereza Lopes Marra de Sousa
doaj   +1 more source

Renminbi Internationalization Process: A Quantitative Literature Review

International Journal of Financial Studies, 2023
As China’s position in the global economy has gradually improved, the importance of debates on the role of the renminbi in the international monetary system has significantly increased.
Ramona Orăștean, Silvia Cristina Mărginean   +1 more
doaj   +1 more source

Forecasting Renminbi Exchange Rate Volatility Using CARR-MIDAS Model

Complexity, 2022
In this study, we propose to employ the conditional autoregressive range-mixed-data sampling (CARR-MIDAS) model to model and forecast the renminbi exchange rate volatility. The CARR-MIDAS model exploits intraday information from the intraday high and low
Xinyu Wu, Mengqi Wu
doaj   +1 more source

Rising Tides Lift All Boats: The Sustained Dominance and Global Impact of the US Dollar as the Reserve Currency [PDF]

SocioEconomic Challenges
This paper investigates whether the euro or renminbi could join or even replace the US dollar as a dominant global reserve currency. The US dollar has long been dominant in international trade and finance, due to the size and stability of the US economy ...
Masaaki Yoshimori
doaj   +1 more source

A MOEDA DIGITAL CHINESA E O FUTURO DO SISTEMA MONETÁRIO E FINANCEIRO INTERNACIONAL

Revista de Economia Contemporânea, 2022
RESUMO Este artigo discute o papel que a moeda representa nas relações de poder dos Estados em relação aos agentes privados, bem como em relação aos seus pares no sistema internacional, a partir do caso da moeda digital chinesa. A análise do “e-Renminbi”
Luiza Peruffo, André Moreira Cunha, Andrés Ferrari Haines   +2 more
doaj   +1 more source