On the Chinese Exchange Rate Regime: an Attempt to Flexibility during 2015
This study will demonstrate, through an econometric and asset allocation approach, if and
how the Chinese exchange rate regime was changing during 2015. Particularly, China to improve its
exchange rate formation system implemented, during July and August 2015, three depreciation as a
step toward a market-oriented exchange rate. This situation, along with the new right of the RMB to
be an international currency in SDR should generate a loss of weight about the USD in the Chinese