attempts of floating exchange-rate countries to resist currency appreciation are generally justified while China retains a peg …

economic success of the People's Republic of China (PRC). But is such confidence warranted? Recent history has seen the …

How can a currency achieve more widespread international use? We study the internationalization of the Chinese renminbi … expanded a currency swap line with the People's Bank of China. Within the next few months, the share of imports from China … document firm-level spillovers, with RMB use for imports from China increasing the likelihood of RMB use for imports from other …

discrepancies have followed secular trends, which are most likely related to financial globalization and changes in monetary policy …

Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange … reserves, influential US policymakers are urging the Chinese authorities to allow a substantial appreciation of the Renminbi … of the present international economy and of China's financial system. Indeed, the record growth of China's exports to the …

incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying … particular attention to modelling the exchange rate and monetary policy in China. Their findings suggest that the Chinese economy … real exchange rate more persistent. In addition, the authors' model underscores the importance of spillovers from China to …