Chang Shu | Bank for International Settlements

All BIS publications (8)

BIS Working Paper No 814 27 Sep 2019

Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities

We analyse how movements in the components of sovereign bond yields in the United States affect long-term rates in 10 advanced…

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Richhild Moessner

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BIS Working Paper No 806 27 Aug 2019

Geographic spread of currency trading: the renminbi and other EM currencies

This paper studies the ongoing diffusion of renminbi trading across the globe, the first such research of an international…

Yin-Wong Cheung

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Robert N McCauley

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BIS Working Paper No 727 11 Jun 2018

Recent RMB policy and currency co-movements

How do the Chinese authorities fix the centre of the renminbi's daily trading band? To what extent do other emerging market…

Robert N McCauley

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Publication 11 Dec 2016

Non-deliverable forwards: impact of currency internationalisation and derivatives reform

Robert N McCauley

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BIS Working Paper No 579 12 Sep 2016

Regional pull vs global push factors: China and US influence on Asia-Pacific financial markets

This paper compares spillovers from the US and Chinese financial markets to the rest of Asia-Pacific. Structural VAR analysis…

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BIS Working Paper No 492 27 Feb 2015

Assessing the CNH-CNY pricing differential: role of fundamentals, contagion and policy

Abstract of BIS Working Papers No 492 Renminbi internationalisation has brought about an active offshore market where the…

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Xiaoqiang Cheng

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BIS Working Paper No 474 18 Dec 2014

Exchange rate risk and local currency sovereign bond yields in emerging markets

Abstract of BIS Working Papers No 474 In this paper we consider the role of exchange rate risk in influencing local currency…

Blaise Gadanecz

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BIS Working Paper No 446 11 Apr 2014

One currency, two markets: the renminbi's growing influence in Asia-Pacific

Abstract of BIS Working Papers No 446. This study presents evidence of the renminbi's growing influence in the Asia-Pacific…

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Xiaoqiang Cheng

All external publications (2)

External publication 1 Jul 2019

Recent renminbi policy and currency co-movements

Robert N McCauley

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External publication 1 Sep 2018

Emerging market local currency sovereign bond yields: the role of exchange rate risk

Blaise Gadanecz

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