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

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 : University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Subject:	CNY \| CNH \| RMB internationalization \| Market integration \| Emerging markets

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Series:	cege Discussion Papers ; 348
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	102313330X [GVK] hdl:10419/178699 [Handle] RePEc:zbw:cegedp:348 [RePEc]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; G18 - Government Policy and Regulation ; c58
Source:	EconStor

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011848839