检索结果-南通市图书馆

In search of currency internationalisation: a perspective from financial openness

Economic and Political Studies 2020年第3期8卷 312-330页

作者： Dong Lu Erzhuo Liu School of Finance Renmin University of ChinaBeijingChina

This paper examines the role of financial openness for currency *** provide a theoretical synthesis on the economic and financial channels that financial openness might affect currency *** experiences from the UK,the US,Japan and Germany show the essential role played by financial policies to promote one currency’s international *** collect recent data of a panel of countries to provide an in-depth empirical analysis on how financial openness would affect a currency’s acceptance in international official *** find strong evidence that portfolio positions generally have a larger impact on the currency’s share in international reserves than ***,portfolio positions in the liability side,especially foreign investments in domestic debt securities,have a statistically significant and economically important effect on currency *** results have implications for China,highlighting the specific effects of financial policies on RMB internationalisation.

关键词： Financial openness currency internationalisation international reserves international investment position

来源：

维普期刊数据库评论

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

A currency basket and future exchange rate arrangements in Asia

引用

Economic and Political Studies 2018年第1期6卷 53-68页

作者： Junko Shimizu Kiyotaka Sato Faculty of Economics Gakushuin UniversitToykoJapan Department of Economics Yokohama National UniversitYokohamaJapan School of Business and Law Edith Cowan UniversitPerthAustralia

Due not only to a dominant role of the US dollar in regional trade and financial transactions but also to de facto US dollar pegged exchange rate policy,Asian countries cannot avoid exchange rate risks between their own currency and the US *** recent years,however,the Chinese government has actively promoted the Renminbi(RMB)internationalisation especially in intermational *** December 2015,China introduced a new exchange rate index against a basket of 13 trade-weighted currencies,which can be considered a major turning point from the US dollar standard toward a more flexible currency basket ***,the estimated implicit basket weights reveal that several Asian economies still tend to stabilise their currencies against the US dollar,while Malaysia and Singapore have stabilised their currencies against RMB in recent *** the internationalisation of local currencies and regional monetary arrangements are typically facilitated with each other,further progress of RMB internationalisation is expected to promote a leading role of China in establishing regional exchange rate policy coordination.

关键词： currency basket currency internationalisation regional monetary arrangements exchange ratepolicy Asia

来源：

维普期刊数据库评论

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

欢迎您,

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

请选择保存的检索档案：

请选择收藏分类：

通借通还

欢迎您,

建议与咨询 留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

请选择保存的检索档案： 新增检索档案 确定 取消

请选择收藏分类： 新增自定义分类 确定 取消

通借通还

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

请选择保存的检索档案：

请选择收藏分类：