tag:blogger.com,1999:blog-13378665.post112379351302555747..comments2024-03-01T16:32:41.076+08:00Comments on Sun Bin: The RMB Basket CompositionSun Binhttp://www.blogger.com/profile/08093210384069958083noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13378665.post-1124478049608917952005-08-20T05:00:00.001+10:002005-08-20T05:00:00.001+10:00Stephen Jen of MS confirmed with my initial calcul...<A HREF="http://www.morganstanley.com/GEFdata/digests/20050819-fri.html#anchor1" REL="nofollow">Stephen Jen of MS </A>confirmed with my initial calculation that the implied weight of USD is much higher (he put it at over 85%) - noting that there is probably a biase in the gap monitoring of different currencies.<BR/><BR/>He also pointed out (as in the Williamson paper) that the basket weight and the reserve weight are not neccessarily aligned.Sun Binhttps://www.blogger.com/profile/08093210384069958083noreply@blogger.com