کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
997433 | 1481355 | 2014 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
On the inclusion of the Chinese renminbi in the SDR basket
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد، اقتصادسنجی و مالیه (عمومی)
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چکیده انگلیسی
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next decades. If the objective is to reinforce the attractiveness of the SDR as a unit of account and a store of value through more stability, then a broadening of the SDR to the RMB could be appropriate, provided some flexibility is introduced in the Chinese exchange-rate regime. This issue of flexibility is de facto more important than that of “freely usable” to make the SDR more stable, at least in the short and medium run.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Economics - Volume 139, October 2014, Pages 133–151
Journal: International Economics - Volume 139, October 2014, Pages 133–151
نویسندگان
Agnès Bénassy-Quéré, Damien Capelle,