The Impact of COVID-19 on the Status of RMB as an Anchor Currency

Xing Fang and Weijuan Cao ()
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Weijuan Cao: School of Finance, Capital University of Economics and Business, China

Asian Economics Letters, 2021, vol. 2, issue 1, 1-5

Abstract: In the context of a severely volatile global financial market in 2020, the Ren Min Bi (RMB) has also experienced dramatic fluctuations. We examine the impact of the COVID-19 pandemic on the status of the RMB as an anchor currency in countries along the “The Belt and Road†. The results show that the pandemic has caused a continuous adverse impact on the anchor role of the RMB.

Keywords: covid-19; anchor currency; the belt and road (search for similar items in EconPapers)
JEL-codes: F31 I1 (search for similar items in EconPapers)
Date: 2021
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