Impacts Of Science And Technology On Currency Internationalization

Author : Peter Guangping Zhang
Publisher : World Scientific
Page : 715 pages
File Size : 49,8 Mb
Release : 2023-02-02
Category : Business & Economics
ISBN : 9789811254109

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Impacts Of Science And Technology On Currency Internationalization by Peter Guangping Zhang Pdf

For decades, science and technology (sci-tech) have influenced world trade, world economy, and international finance. However, their specific impacts are seldom known and related empirical studies are rare. Thus, we must quantify and empirically explore how sci-tech influences such areas as mentioned above. The purpose of this book is to explore how sci-tech influences world trade, foreign exchange, and currency internationalization in various ways through first quantifying science & technology. This book empirically explores how major world currencies might change their relative international positions with continuous innovation and diffusion of sci-tech.Currency internationalization is measured by the percentage share of the average daily turnover of a particular currency in the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market. Sci-tech as a commodity is borderless, yet its inventors and related businesses are bound by the intellectual property laws of their own countries. Patents, especially international patents, are useful representations of sci-tech. They cannot be compared directly because of different criteria of patent regulators worldwide, and thus the quality of patents varies across patent regulators. Based on patent data from annual IP 5 Statistics Reports and charges for the use of IP of major currency issuers released by the WTO, this book quantifies sci-tech internationalization using weighted patent families first, and proceeds to study how sci-tech internationalization affects currency internationalization.

Author : Peter G. Zhang
Publisher : World Scientific Publishing Company
Page : 0 pages
File Size : 53,6 Mb
Release : 2023
Category : Foreign exchange
ISBN : 9811254087

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Impacts of Scientific and Technological Innovation on Currency Internationalization by Peter G. Zhang Pdf

For decades, science and technology (sci-tech) have influenced world trade, world economy, and international finance. However, their specific impacts are seldom known and related empirical studies are rare. Thus, we must quantify and empirically explore how sci-tech influences such areas as mentioned above. The purpose of this book is to explore how sci-tech influences world trade, foreign exchange, and currency internationalization in various ways through first quantifying science & technology. This book empirically explores how major world currencies might change their relative international positions with continuous innovation and diffusion of sci-tech.Currency internationalization is measured by the percentage share of the average daily turnover of a particular currency in the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market. Sci-tech as a commodity is borderless, yet its inventors and related businesses are bound by the intellectual property laws of their own countries. Patents, especially international patents, are useful representations of sci-tech. They cannot be compared directly because of different criteria of patent regulators worldwide, and thus the quality of patents varies across patent regulators. Based on patent data from annual IP 5 Statistics Reports and charges for the use of IP of major currency issuers released by the WTO, this book quantifies sci-tech internationalization using weighted patent families first, and proceeds to study how sci-tech internationalization affects currency internationalization.

Author : W. Peng,C. Shu
Publisher : Springer
Page : 242 pages
File Size : 49,8 Mb
Release : 2009-11-30
Category : Business & Economics
ISBN : 9780230245785

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Currency Internationalization: Global Experiences and Implications for the Renminbi by W. Peng,C. Shu Pdf

This is the first book to collect academic studies examining issues related to the potential internationalization of the Renminbi. It considers policy implications, documents the rising regional importance of the Renminbi and discusses key issues in the increasing use of the Renminbi in international trade and finance.

Author : Edwin L.-C. Lai
Publisher : Cambridge University Press
Page : 347 pages
File Size : 42,5 Mb
Release : 2021-07-08
Category : Business & Economics
ISBN : 9781108491686

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One Currency, Two Markets by Edwin L.-C. Lai Pdf

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Author : Siwei Cheng
Publisher : World Scientific
Page : 396 pages
File Size : 48,5 Mb
Release : 2015-04-29
Category : Business & Economics
ISBN : 9789814644679

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RMB: Towards Internationalization by Siwei Cheng Pdf

RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development. Contents:RMB Internalization is an Irreversible Trend Exchange Rates under the Perspective of Fictitious EconomyThe Choice of Exchange Rate Arrangement — Empirical AnalysisThe Choice of Exchange Rate Arrangement — Case StudyEvolution of the RMB Exchange Rate RegimeThe Determination of a Central Rate for the RMBThe Opening Up of Capital AccountPath to RMB Internationalization Readership: Researchers, economists, finance professionals, analysts, individual investors, monetary and banking authorities in Asia and those who are interested in China's exchange rate regimes and the future of its currency, the RMB. Keywords:RMB;Currency;Exchange Rate;Exchange Rate Regime;China;Capital Account Liberalization;Financial Crisis;Complexity Theory;Fictitious Economy

Author : Chong Li
Publisher : Springer Nature
Page : 251 pages
File Size : 44,6 Mb
Release : 2022-01-03
Category : Business & Economics
ISBN : 9789811643378

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To Establish a Supra-sovereign International Currency by Chong Li Pdf

The research purpose of this book is to advance the reform of the existing international monetary system through the establishment of a new international currency standard that is a super-sovereign currency. International Monetary System provides international economic activities rules for the human society. It has significant influences not only on international economic activities of various countries but also on their domestic economic activities as well. Since the disintegration of International gold standard in 1971, studies on reform of international monetary system have remained as the important research themes for international economic research fields. Improvements of international monetary system to facilitate worldwide economic developments have been interests to all. Thus this book has valuable theoretical contributions. Since the collapse of Bretton Woods System, the current international monetary system of Jamaica System has come into being. Under Jamaica System, the sovereign currency US dollar has acted as the main international currency. This has caused vulnerability of money standard, instability of exchange rate system, and frequent occurrences of currency crises. Calls for international monetary system reforms have increased under these circumstances. Various programs such as improved international gold standard system, expansion of Special Drawing Rights, as well as establishment of single world currency surface. So this book has significant practical contributions as well. The major contribution of this book is the proposal of new scheme of establishment of supra-sovereign international currency. This is an entire new reform program that differs significantly from any past or current reform programs in international economic research fields from all over the world.

Author : Leo Zeng
Publisher : Springer Nature
Page : 255 pages
File Size : 54,7 Mb
Release : 2024-06-06
Category : Electronic
ISBN : 9789819999750

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A Study on the Creation, Impact and Legal Issues of Crypto Special Drawing Rights by Leo Zeng Pdf

Author : International Monetary Institute
Publisher : Routledge
Page : 278 pages
File Size : 41,6 Mb
Release : 2016-06-23
Category : Business & Economics
ISBN : 9781317228332

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Internationalization of the RMB by International Monetary Institute Pdf

As from 2012, the International Monetary Institution (IMI) of the Renmin University of China publishes annual reports on the internationalization of RMB. This series of annual reports create and publish the RMB Internationalization Index (RII). Besides, they focus on one topic in each year's report. This book focuses on the offshore RMB markets. It studies several major international currencies' historical developments to summarize theoretical implications between currency internationalization process and its offshore market development. It reviews the recent development of RMB offshore markets, identifies key opportunities and challenges, and proposes some suggestions to policy makers and market practitioners. The RII will continue to rise as the RMB plays a more and more important role in international trades and financial transactions. The establishment and development of RMB offshore markets will facilitate the internationalization process of the RMB.

Author : John N. Kallianiotis
Publisher : Unknown
Page : 0 pages
File Size : 44,5 Mb
Release : 2019
Category : Foreign exchange rates
ISBN : 1536165506

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Foreign Exchange Rates and International Finance by John N. Kallianiotis Pdf

History of monetary system --Balance of payments and exchange rates --The foreign exchange markets --Exchange rate determination and forecasting --Exchange rates and international parity conditions --Foreign currency derivatives --Foreign exchange exposure and its management --Multinational corporations and international cost of capital --Multinational capital budgeting --Foreign direct investment and portfolio theory --International trade finance --Political risk and its management.

Author : Peter G. Zhang
Publisher : John Wiley & Sons
Page : 242 pages
File Size : 47,8 Mb
Release : 2011-02-15
Category : Business & Economics
ISBN : 9780470827406

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The Chinese Yuan by Peter G. Zhang Pdf

Few topics have attracted as much attention worldwide in recent years as the RMB. These debates have gained added urgency in light of the financial crisis and the topic of RMB revaluation is now being actively debated in countries all over the world from Tunisia to the United States. This book explores the ever-changing role of the RMB and the related derivative products. However, it does so from a view that is heavily influenced by the fallout from the financial crisis as well as the in the context of the increasing maturity of the Chinese capital markets. The author has drawn on his experience as a regulator to provide invaluable views, insights and information on RMB derivative products and the development of this market going forward. Key topics include: Overview of current China economy and its capital market In-depth analysis on the China's banking system and foreign exchange system Extensive analysis of on-shore and off-shore financial products in China Explanation of the needs and reasons for RMB products innovation Insights into the internationalization of the RMB Not only will this book leave its readers with a much clearer idea of the structure of China's capital markets but it also gives insights on the market going forward leveraged through Peter Zhang's many years of experience as both a senior banker and through his integral role in the key regulatory authority of the banking sector, the CBRC.

Author : National Research Council,Policy and Global Affairs,Office of International Affairs,Committee on Japan
Publisher : National Academies Press
Page : 244 pages
File Size : 44,9 Mb
Release : 1992-02-01
Category : Technology & Engineering
ISBN : 9780309047807

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Japan's Growing Technological Capability by National Research Council,Policy and Global Affairs,Office of International Affairs,Committee on Japan Pdf

The perspectives of technologists, economists, and policymakers are brought together in this volume. It includes chapters dealing with approaches to assessment of technology leadership in the United States and Japan, an evaluation of future impacts of eroding U.S. technological preeminence, an analysis of the changing nature of technology-based global competition, and a discussion of policy options for the United States.

Author : Barry Eichengreen,Masahiro Kawai
Publisher : Brookings Institution Press
Page : 401 pages
File Size : 54,7 Mb
Release : 2015-02-11
Category : Political Science
ISBN : 9780815726128

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Renminbi Internationalization by Barry Eichengreen,Masahiro Kawai Pdf

A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar. Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.

Author : Marlene Amstad,Guofeng Sun,Wei Xiong
Publisher : Princeton University Press
Page : 504 pages
File Size : 51,6 Mb
Release : 2020-11-17
Category : Business & Economics
ISBN : 9780691205847

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The Handbook of China's Financial System by Marlene Amstad,Guofeng Sun,Wei Xiong Pdf

A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.

Author : Mr.George S. Tavlas,Yusuru Ozeki
Publisher : International Monetary Fund
Page : 61 pages
File Size : 51,9 Mb
Release : 1991-01-01
Category : Business & Economics
ISBN : 9781451930993

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The Japanese Yen as an International Currency by Mr.George S. Tavlas,Yusuru Ozeki Pdf

The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.

Author : Shi Yi Chen,Zhiqing Li
Publisher : World Scientific
Page : 518 pages
File Size : 44,8 Mb
Release : 2022-07-14
Category : Political Science
ISBN : 9789811252938

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Covid-19's Economic Impact And Countermeasures In China by Shi Yi Chen,Zhiqing Li Pdf

The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.