Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/178699 
Year of Publication: 
2018
Series/Report no.: 
cege Discussion Papers No. 348
Publisher: 
University of Göttingen, Center for European, Governance and Economic Development Research (cege), Göttingen
Abstract: 
We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolar structure still lacks basic conditions for perfectly integrated markets.
Subjects: 
CNY
CNH
RMB internationalization
Market integration
Emerging markets
JEL: 
F31
F33
G18
C58
Document Type: 
Working Paper

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