Pegging the Renminbi to a Basket - Facts, Prospects and Consequences [PDF]
On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency basket. Yet, it has quite closely followed the USD, though having appreciated by 2.7 % by the time of writing.
Heikki Oksanen
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Renminbi Internationalisation: A Primer [PDF]
, 2012 This paper provides a succinct introduction to the internationalisation of the renminbi, a subject of increasing importance in the economics of China. It attempts to shed light on the following questions: Why do non-Chinese residents have incentives to ...
Dong He, He, Dong
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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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Reforming China’s Exchange Rate Policy [PDF]
This paper is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world currency markets.
John Ryan
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A estratégia chinesa frente ao petrodólar:
Estudos InternacionaisA conjuntura econômica internacional atual apresenta similaridades com a crise do sistema de Bretton Woods, suscitando questionamentos sobre a hegemonia do dólar.
Jacqueline A. Haffner +1 more
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New Estimates of the Equilibrium Exchange Rate: The case for the Chinese renminbi [PDF]
We estimate the equilibrium exchange rate (EER) of the Chinese renminbi (RMB) vis-a-vis the U.S. dollar from 1992 to 2008. In contrast to the recent empirical studies on the EER employing a large cross-country analysis, we focus on the supply side real ...
Nagendra SHRESTHA +3 more
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Appreciating The Renminbi [PDF]
International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with an underlying real exchange rate appreciation.
Rod Tyers, Ying Zhang
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Deeper and then Safer: The Two-level Game of the Chinese Renminbi in SDR
, 2017 On November 31, 2015 International Monetary Fund (IMF) has announced that the Chinese renminbi has entered the IMF’s basket of currencies for the special drawing right (SDR), promoting the Chinese renminbi as one of the world’s leading currencies.
Lin, Wei-hsiu
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The Asian Infrastructure Investment Bank, the New Development Bank and the Internationalisation of the Renminbi (RMB) – The New International Financial Institutions as Part of the Chinese Strategy to Build Up an International Reserve Currency [PDF]
Contemporary Chinese Political Economy and Strategic Relations: An International Journal, 2018 China’s economic rise is being followed by an increasingly assertive foreign policy, which is marked by criticism of the current international financial system and attempts to change it. Beijing’s leading role in the launch of two international financial
Rafael Ramos Codeço
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Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies [PDF]
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
Yin-Wong Cheung +2 more
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