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The Renminbi central parity : An empirical investigation
(11.05.2017)
BOFIT Discussion Papers 7/2017
BOFIT Discussion Papers 7/2017
On August 11, 2015, China revamped its procedure for setting the official central parity of the renminbi (RMB) against the US dollar. Our empirical investigation suggests that the intertemporal dynamics of China’s central ...
The RMB’s global role as an anchor currency : no evidence
(23.04.2024)
BOFIT Discussion Papers 5/2024
BOFIT Discussion Papers 5/2024
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 ...
China’s macroeconomic policies and spillover effects
(26.09.2023)
BOFIT Discussion Papers 5/2023
BOFIT Discussion Papers 5/2023
This paper provides a brief overview of China’s capital controls, external asset holdings and the real interest rate, and analyzes the quantitative effects of China’s macroeconomic policies between 2000 and 2015, including ...