Showing 1 - 10 of 103
This study examines the role of the Chinese renminbi (RMB) as an international anchor currency. After China abandoned … its tight US dollar (USD) peg in 2005, the RMB found greater popularity as a reserve currency. This change in the RMB …
Persistent link: https://www.econbiz.de/10014520282
This paper examines the impacts of the 2005 shift in Russian exchange rate policies from single-currency to bi-currency … interest rates from US dollar-denominated interest rates, replacing them with a growing positive relationship with the dual-currency … currency or a basket. …
Persistent link: https://www.econbiz.de/10012148606
Based on a classification of countries and territories according to their regime and anchor currency choice, the study … considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural … economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10012148679
In contrast to the well established markets such as the dollar-euro market, recent CIP deviations observed in the onshore dollar-RMB forward market were primarily caused by con-version restrictions in the spot market rather than by changes in credit risk and/or liquidity constraint. This paper...
Persistent link: https://www.econbiz.de/10012148683
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We …
Persistent link: https://www.econbiz.de/10012148734
no evidence of a rate-fixing role for the RMB exchange rate against the currency basket announced by China in December …
Persistent link: https://www.econbiz.de/10012148801
The internationalization of China's currency, the renminbi (RMB) bolsters the growing economic and political influence …
Persistent link: https://www.econbiz.de/10012148804
In contrast to the well established markets such as the dollar-euro market, recent CIP deviations observed in the onshore dollar-RMB forward market were primarily caused by conversion restrictions in the spot market rather than by changes in credit risk and/or liquidity constraint. This paper...
Persistent link: https://www.econbiz.de/10010818559
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We …
Persistent link: https://www.econbiz.de/10010945008
Based on a classification of countries and territories according to their regime and anchor currency choice, the study … considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural … economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010583197