BIS paper studies evolving renminbi exchange rates

china-yuan-renminbi-2
Emerging market currencies move more with market-oriented Renminbi, BIS paper

Emerging market currencies tend to move more closely with the renminbi when market forces play a more decisive role in the Chinese currency’s price-fixing mechanism, a Bank for International Settlements working paper finds.

BIS senior adviser Robert McCauley and senior economist Chang Shu say the renminbi fixing mechanism has gone through three stages: “transition”; “basket management”; and “countercyclical management”.

From February 2016 to May 2017, or the “basket management period”, the

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

.