Currency comovements in Asia‐Pacific: The regional role of the renminbi

DOI Web Site Web Site 1 Citations
  • Daniela Marconi
    Bank of Italy Directorate General for Economics, Statistics and Research Rome Italy

Search this article

Description

<jats:p>The internationalization of China's currency, the renminbi (RMB), bolsters the growing economic and political influence of China in the Asia‐Pacific region. This paper assesses the evolution of RMB exchange rate comovements against the US dollar (USD) within the region. While the RMB's influence is growing, it is also found to be asymmetric and varying over time depending on the global movement of the USD. The trend is strong when the USD depreciates but fades when the USD appreciates.</jats:p>

Journal

Citations (1)*help

See more

Report a problem

Back to top