Wang, Panpan; Ho, Tsungwu; Liu, Xiaoxing; Wu, Sixu - In: Borsa Istanbul Review 23 (2023) 5, pp. 1098-1110
reform, price power over the RMB exchange rate changed from the onshore to the offshore market, in which the CNH … marketization, RMB internationalization, and maintenance of the onshore market's pricing power over the RMB exchange rate. The PBoC … regained its RMB pricing power by reinforcing control over the onshore exchange rate and tightening offshore RMB liquidity, at …