The Impact of RMB Internationalization and International Situations on China's Foreign Exchange Market: Dynamic Linkages between USD/CNY and SDR/CNY

With the RMB becoming the fifth international payment currency and its inclusion in the SDR currency basket, coupled with the opening of China's capital market, RMB-related exchange rates have attracted increasing attention because of China's RMB internationalization strategy. Using the DC...

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Veröffentlicht in:	Emerging markets finance & trade 2021-04, Vol.57 (5), p.1437-1454
Hauptverfasser:	Wang, Yang-Chao, Tsai, Jui-Jung, Chen, Xingyu
Format:	Artikel
Sprache:	eng
Schlagworte:	co-movement foreign exchange market Foreign exchange markets Foreign exchange rates GARCH Globalization policy and regulation RMB internationalization Stochastic models
Online-Zugang:	Volltext
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