Is the Renminbi East Asia’s Dominant Reference Currency? A Reconsideration
Recent empirical studies show that the Chinese currency renminbi is either becoming or has become a dominant reference currency in Asia. However, the high correlation between the US dollar and renminbi movements hampers the identification of their individual effects on the Asian currencies. In parti...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1787 https://ink.library.smu.edu.sg/context/soe_research/article/2786/viewcontent/P_ID_52542_published.pdf |
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| Institution: | Singapore Management University |
| Language: | English |