This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to … if China''s relative presence continues to rise in the regional trade …

market sentiment and specific trade effects. Expected renminbi appreciation has a positive effect on firms exporting to China …We examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of … changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns …

China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The … renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is …

, which is not conducive to countering the impact of external shocks. We show that China's macroeconomic responses to external …

significant part of China''s competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately …The number of studies attempting to estimate the ""equilibrium"" real value of China''s currency has proliferated in … in a rapidly developing economy like China …

A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its … currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi … integration of offshore and onshore markets for the renminbi using a Threshold Autoregression (TAR) model and finds that there are …

Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China …

This paper estimates the impact of China''s exchange rate changes on exports of competitor countries in third markets … between China and its developing country competitors in specific products and destinations plays a key role. We exploit the … that a 10 percent appreciation of China''s real exchange rate boosts on average a developing country''s exports of a …