ECB paper highlights renminbi’s prominence in Asia

Euro sign, Frankfurt

China's exchange rate policy has a strong and growing influence on other emerging Asian economies, according to a European Central Bank paper published on Friday.

Marcel Fratzscher and Arnaud Mehl, the paper's authors, use a global factor model of exchange rates to assess whether the international monetary system is already tripolar and centred around the dollar, the euro and the renminbi. The authors focus on China's dominance hypothesis and whether the renminbi is already the dominant currency

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.