Abstract
When Chinese Yuan becomes one of the two center currencies of the dual-center global financial system, the share of Chinese Yuan in world foreign reserves should be high enough.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
The BIS effective exchange rate (EER) indices cover 61 economies, including individual EURO area countries and, separately, the EURO area as an entity. The most recent weights are based on trade in the 2011–13 period, with 2010 as the indices’ base year. Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates. Real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices. The weighting pattern is time-varying. The EER indices are available as monthly averages. An increase in the index indicates an appreciation.
- 2.
Chen Qiang. Advanced Econometrics and Stata Applications[M]. Higher Education Press, 2014.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
YUAN, T. (2018). The Factors Affecting the Share of Foreign Reserve Currencies. In: The Dual-Center Global Financial System. Springer, Singapore. https://doi.org/10.1007/978-981-10-7993-1_5
Download citation
DOI: https://doi.org/10.1007/978-981-10-7993-1_5
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-7991-7
Online ISBN: 978-981-10-7993-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)