The Chinese authorities described the management of the renminbi after its 2005 unpegging from the US dollar as … the two years from mid-2006 to mid-2008, the renminbi strengthened gradually against trading partners' currencies within a … narrow band. In mid-2008, the financial crisis interrupted this experiment and the bilateral renminbi/dollar exchange rate …

This paper evaluates the extent of exchange rate coordination among Asian economies using a hypothetical Asian Currency … rate stability. However, the empirical evidence using an Asian Currency Unit suggests a widening deviation in exchange rate … play a role in fostering greater economic cooperation. The denomination of financial assets in the Asian Currency Unit in …

The renminbi (RMB) has evolved in four phases since its mid-2005 unpegging from the US dollar. After a year … to return to effective currency stability and other East Asian countries were to pursue similar policies, regional … currency stability would be enhanced. That would create more favorable conditions for an evolution towards monetary cooperation. …