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A synthetic Chinese renminbi: uncovering the anchor currencies

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Kunkler, M. orcid id iconORCID: https://orcid.org/0000-0001-8367-4331 (2025) A synthetic Chinese renminbi: uncovering the anchor currencies. Asian Economics Letters, 6 (1). ISSN 2652-8681 doi: 10.46557/001c.39730

Abstract/Summary

We investigate the de facto exchange rate arrangements of the Chinese renminbi. A recently enhanced methodology is used to estimate a synthetic Chinese renminbi to uncover any anchor currencies. We find two anchor currencies, namely the US dollar and the Singapore dollar. However, the average R-squared is only 43.6%. Thus, the Chinese renminbi is less anchored to the US dollar. This implies that future research can classify the Chinese renminbi as a potential anchor currency.

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Item Type Article
URI https://reading-clone.eprints-hosting.org/id/eprint/113439
Identification Number/DOI 10.46557/001c.39730
Refereed Yes
Divisions Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
Publisher Asia-Pacific Applied Economics Association
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