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Book Cover
Author Craig, R. Sean.

Title Development of the Renminbi Market in Hong Kong SAR
Published Washington : International Monetary Fund, 2014
Online access available from:
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Description 1 online resource (8 pages)
Series IMF Working Papers ; v. Working Paper No. 13/268
IMF Working Papers
Summary Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese capital account liberalization play? The first is addressed by testing the extent of integration of offshore and onshore markets for the renminbi using a Threshold Autoregression (TAR) model and finds that there are substantial unexploited arbitrage opportunities. A VAR model is used to indentify factor
Notes Print version record
Form Electronic book
Author Hua, Changchun.
Ng, Philip.
Yuen, Raymond
ISBN 1498384439