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Hefeker, Carsten - In: Vierteljahreshefte zur Arbeits- und … 2 (2025) 2, pp. 197-212

The paper discusses whether US dollar based financial sanctions will undermine the dollar's dominant international role. Despite long-standing attempts to reduce the role of the dollar, these have had limited success so far. I discuss why this is the case and why alternatives to the dollar are...

Persistent link: https://www.econbiz.de/10015395727

Yen or Yuan? China's role in the future of Asian monetary integration

Hefeker, Carsten; Nabor, Andreas - 2002

instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the … Asian currencies. It is rather unlikely that the renminbi will assume a dominant role immediately but by drawing comparisons …

Persistent link: https://www.econbiz.de/10010295536

An Awkward Dance: China and the United States

Prasad, Eswar; Gu, Grace - 2009

China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the …

Persistent link: https://www.econbiz.de/10010331376

The renminbi's role in the global monetary system

Prasad, Eswar; Ye, Lei - 2012

We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …

Persistent link: https://www.econbiz.de/10010282485

Can Real Exchange Rate Undervaluation Boost Exports and Growth in Developing Countries? Yes, But Not for Long

Haddad, Mona; Pancaro, Cosimo - In: World Bank - Economic Premise (2010) 20, pp. 1-5

-led growth model. But current discussions over the value of China’s currency demonstrate the controversy this kind of policy can …

Persistent link: https://www.econbiz.de/10008837661

The renminbi's role in the global monetary system

Prasad, Eswar S.; Ye, Lei - 2012

Persistent link: https://www.econbiz.de/10009530739

Global implications of the renminbi's ascendance

Prasad, Eswar S. - 2014

This paper evaluates the prospects for the renminbi's role as an international currency and the implications for global … financial markets. Although the People's Republic of China (PRC) does not have either an open capital account or a flexible … exchange rate, the renminbi has attained considerable traction as an international currency on account of the PRC's rising …

Persistent link: https://www.econbiz.de/10010260034

An awkward dance : China and the United States

Prasad, Eswar S.; Gu, Grace Weishi - 2009

China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the …

Persistent link: https://www.econbiz.de/10003936187

Nonlinear time series and neural-network models of exchange rates between the US Dollar and major currencies

Allen, David E.; McAleer, Michael; Peiris, Shelton; … - 2015

This paper features an analysis of major currency exchange rate movements in relation to the US dollar, as constituted in US dollar terms. Euro, British pound, Chinese yuan, and Japanese yen are modelled using a variety of non-linear models, including smooth transition regression models,...

Persistent link: https://www.econbiz.de/10011378229

China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes

Clark, John - 2017

We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...

Persistent link: https://www.econbiz.de/10011754330