Is China’s Currency Increasingly Important?: New Evidence from Renminbi Exchange Rates

Yinggang Zhou is currently a professor of Economics and Finance at Xiamen University. He is also the dean of School of Economics and the director of Wang Yanan Institute for Studies in Economics (WISE), Xiamen University. He obtained his Ph.D. in Economics and Finance from both Xiamen University in 2001 and Cornell University in 2007.
His research interests focus on asset pricing, risk management, and international finance. He has published in top-ranked business journals, such as Management Science, Journal of Banking and Finance, Journal of Empirical Finance, and Journal of International Money and Finance. His research has won the best paper awards of Asia-Pacific Association of Derivatives, European Financial Management Associate, and Global Chinese Real Estate Congress and won Chicago Quantitative Alliance Asia (CQAsia) academic competition.
Xin Cheng, Ph.D. in Finance, graduated from the Department of Finance, School of Economics, Xiamen University. She is an assistant professor at the Institute of Chinese Financial Studies of the Southwestern University of Finance and Economics. Her research has been published in Journal of International Money and Finance, Journal of Futures Markets, Journal of Management Sciences in China, China Finance in Chinese, etc. She also hosts a research project on RMB internationalization supported by Youth Fund of National Natural Science Foundation of China.