The emergence of the RMB : a "New Normal" for China's exchange rate system?

Frederik Kunze, Tobias Basse, Christoph Wegener, Markus Spiwoks

We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolar structure still lacks basic conditions for perfectly integrated markets.

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Year of publication:	[2018]
Authors:	Kunze, Frederik ; Basse, Tobias ; Wegener, Christoph ; Spiwoks, Markus
Publisher:	Göttingen : Center for European, Governance and Economic Development Research, cege, Georg-August-Universität Göttingen
Subject:	CNY \| CNH \| RMB internationalization \| Market integration \| Emerging markets \| China \| Renminbi \| Schwellenländer \| Emerging economies \| Wechselkurssystem \| Exchange rate regime \| Marktintegration \| Wechselkurspolitik \| Exchange rate policy \| Finanzmarkt \| Financial market \| Internationaler Finanzmarkt \| International financial market

Extent:	1 Online-Ressource (circa 12 Seiten) Illustrationen
Series:	Cege discussion paper. - Göttingen : [Verlag nicht ermittelbar], ZDB-ID 2148177-5. - Vol. number 348 (Mai 2018)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/178699 [Handle]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; G18 - Government Policy and Regulation ; c58
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011847444