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Titlebook: Is China‘s Currency Increasingly Important?; New Evidence from Re Yinggang Zhou,Xin Cheng Book 2024 The Editor(s) (if applicable) and The A

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发表于 2025-3-21 16:44:50 | 显示全部楼层 |阅读模式
书目名称Is China‘s Currency Increasingly Important?
副标题New Evidence from Re
编辑Yinggang Zhou,Xin Cheng
视频video
概述Discusses the role of the Chinese Yuan in the international market under the changing monetary system.Measures the global and regional importance of Chinese Yuan using its exchange rates.Shows how the
图书封面Titlebook: Is China‘s Currency Increasingly Important?; New Evidence from Re Yinggang Zhou,Xin Cheng Book 2024 The Editor(s) (if applicable) and The A
描述China’s economic achievements laid solid foundations for RMB‘s international standing. By the end of 2022, China accounted for 18.6% of the global economy and 14.4% of world exports..However, there is a huge gap between the yuan’s growing prominence and its global use. RMB remains underutilized compared to the U.S. dollar. This book attempts to fill this gap from the view of the systemic importance of the RMB exchange rate, an angle that could be easily overlooked. We argue that pricing is too important to be relegated to an afterthought. The change of RMB exchange rate could have a systemic impact on the global financial system. Furthermore, we present substantial evidence that RMB is gaining importance globally and regionally as an anchor currency and safe-haven currency, indicating that RMB is becoming systemically important despite its relatively limited international use..It is important to understand in depth that the force that has helped fuel China’s rapid economic growth over the past few decades has been globalization and that market reform and opening up are the pillars of RMB internationalization. Currently, the new trends of anti-globalization and de-financialization h
出版日期Book 2024
关键词Chinese yuan’s rising status; impact of RMB’s exchange rate changes; spillover effect of RMB; source of
版次1
doihttps://doi.org/10.1007/978-981-97-1164-2
isbn_softcover978-981-97-1166-6
isbn_ebook978-981-97-1164-2
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapor
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发表于 2025-3-21 20:44:43 | 显示全部楼层
发表于 2025-3-22 00:49:50 | 显示全部楼层
978-981-97-1166-6The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapor
发表于 2025-3-22 07:45:28 | 显示全部楼层
Is RMB Becoming Systemically Important?, introducing key concepts, such as anchor currency, and proceed to present the data and econometric models we used in this Chapter. Next, we discuss our empirical results and conduct a thorough analysis. Finally, we summarize our main findings of the Chapter.
发表于 2025-3-22 09:53:16 | 显示全部楼层
Why is RMB Systemically Important?,pothesis and sets empirical models accordingly. The second section gives descriptive statistics of the data. The third section shows and analyzes the empirical results. The fourth section summarizes and puts forward policy suggestions.
发表于 2025-3-22 15:40:26 | 显示全部楼层
Is RMB a Safe Haven Currency?, and compare its performance with respect to that of the Japanese Yen (JPY). Results show that the RMB is not yet a safe-haven currency in the full sense, although the RMB demonstrates the potential as a safe-haven currency after the 2008 financial crisis and the 2020 COVID-19 pandemic.
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发表于 2025-3-23 02:11:21 | 显示全部楼层
https://doi.org/10.1007/978-981-97-1164-2Chinese yuan’s rising status; impact of RMB’s exchange rate changes; spillover effect of RMB; source of
发表于 2025-3-23 07:43:09 | 显示全部楼层
has now been conclusively identified as the complement receptor-type 2 (CR2), the Cd/Cdg 3 3 receptor on B lymphocyte. It is apparent, however, that other cells also can become infected by EBV, such as epithelial cells in the parotid gland and other epithelial cells in the upper respiratory tract. This might 978-1-4612-8852-7978-1-4612-4508-7
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