Results 71 to 80 of about 14,857 (225)
Analysis of the Chinese Exchange Rate Stability
East Asian Economic Review, 1998 Asian Financial Crisis now is moving to a relatively stable phase, and at this time, whether Chinese RMB will depreciate is raising the concern of the outside world. If we simply consider economic factors, we will find REER (Real Effective Exchange Rate)
Youngrok Cheng
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The Internationalization of Emerging Economy Currencies: An Alternative to Protectionism? [PDF]
Global Economic Observer, 2021 The developments after the crisis of 2008-2009 highlighted the vulnerabilities of the International Monetary System. In this context, some countries considered reducing their dependence on the US dollar and increasing the role of their currency ...
SORIN-NICOLAE CURCĂ
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Essays on renminbi internationalization
, 2022 The international use of domestic currencies is highly path dependent and hierarchical. Nonetheless, between 2010 and 2019, the renminbi climbed from the world's 35th to the 5th most used payment currency. This cumulative dissertation, which consists of three independent articles, investigates the drivers behind the renminbi internationalization ...
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Capital Account Liberalization and the Role of the Renminbi [PDF]
Despite an erosion of consensus on its benefits, capital account convertibility remains a long-term goal of China. This paper identifies three major preconditions for convertibility in China: a strong domestic banking system, relatively developed ...
Nicholas Lardy, Patrick Douglass
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A Demand-Side Analysis of Renminbi Internationalisation: The Renminbi in South Korea [PDF]
, 2015 経済学 / EconomicsAs the internationalisation of the renminbi has progressed rapidly in recent years, research on it has also grown considerably. However, most of this research tends to focus mainly on analysing it from the supply side, looking, for example,
CHEY Hyoung-kyu +1 more
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RMB Undervaluation and Appreciation [PDF]
, 2012 The bilateral real exchange rate between Chinese renminbi (RMB) and the US dollar is studied. The panel data Penn effect model shows that the RMB was overvalued in 1980–1991 but later undervalued in 1992–2010.
Zhibai, Zhang
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Die Internationalisierung des chinesischen Renminbi: eine Chance für China
, 2010 China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land vorsichtige Maßnahmen zur Öffnung der Kapitalbilanz getroffen und 2005 Währungsschwankungen innerhalb einer engen Bandbreite zugelassen.
Bernoth, Kerstin +2 more
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An Empirical Study of the Impact of China’s Export Tax Rebates on RMB Appreciation
East Asian Economic Review, 2012 While the issue of RMB (Renminbi, Chinese Yuan) revaluation became the focus of world attention in 2003, the reform of the RMB exchange rate regime in 2005 didn't fundamentally solve the RMB appreciation problem, and even in 2008 the global financial ...
Degong Ma , Hyun-Jun Cho
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The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data [PDF]
We examine the impact of renminbi revaluation on firm valuations, considering two surprise announcements of changes in China’s exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries.
Barry Eichengreen, Hui Tong
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Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers, 2016 We investigate the relationship between market uncertainty and the relative value of the Renminbi against currencies that the safe haven literature typically considers as the traditional safe haven currency candidates. Our sample spans the February 2011 to April 2016 period.
Rasmus Fatum +2 more
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