China's Trump card : cryptocurrency and its game-changing role in Sino-US trade /
"The trade war and geopolitical issues have increased the risk of a financial decoupling between China and the US, the world's two largest economies. This book provides a thorough analysis of the major issues underlying the economic conflict and presents new factors coming into play as the...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Hoboken, NJ :
John Wiley & Sons, Inc.,
2020.
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Temas: | |
Acceso en línea: | Texto completo (Requiere registro previo con correo institucional) |
Tabla de Contenidos:
- Cover
- Title Page
- Copyright Page
- Contents
- Acknowledgments
- About the Author
- Preface
- Chapter 1 An Unconventional Trade Feud
- 1.1 Thanos and Trump
- 1.2 What Causes the Trade War?
- 1.2.1 Trump's Unilateralism
- 1.2.2 A Stubbornly Large China Deficit
- 1.2.3 Unfair Trade Practices
- 1.2.4 "China Dream" vs. "America First"
- 1.3 The Novelty of This Trade War
- 1.3.1 The Art of Being Unpredictable
- 1.3.2 Breaking the Bulk in Tranches
- 1.3.3 A Battle for Technology
- 1.3.4 Leverage Geopolitical Issues
- 1.4 Economic Impacts and Consequences
- 1.4.1 Slowdown in Trade and Investment
- 1.4.2 Relocation of Production Base
- 1.4.3 Negative Impact on US Business and Consumers
- 1.5 Trade War and Deglobalization
- Annex A: China's Belt and Road Initiative
- Annex B: Official Statements from the US and China
- Annex C: Major Timeline of the Trade War
- Chapter 2 Trade Imbalances and the Greenback
- 2.1 The Missing Link between Trade and Currency
- 2.2 Stubbornly Persistent US Trade Deficits
- 2.2.1 Stylized Facts of the US Trade Balance
- 2.2.2 The Economics of Trade Balance
- 2.3 Is the Exchange Rate to Blame?
- 2.3.1 Currency Revaluation
- 2.3.2 Exchange Rate in Trade Talks
- 2.4 Exorbitant Privilege of the Dollar
- 2.4.1 Triffin Dilemma
- 2.4.2 Quantitative Easing
- 2.5 Dollar Recycling and the Global Saving Glut
- 2.5.1 Petrodollar Recycling
- 2.5.2 China's Factory-Dollar Recycling
- Chapter 3 Deglobalization Prompts De-Dollarization
- 3.1 Anti-Multilateralism and Anti-Sovereign Movement
- 3.2 The Globalization Cycle
- 3.2.1 Globalization 1820-1914
- 3.2.2 Postwar Globalization
- 3.3 Currency Globalization
- 3.3.1 Financial Integration and the Hubs
- 3.3.2 Currency Standard and Trade Bloc
- 3.4 Financial Deglobalization
- 3.4.1 Capital Mobility and Financial Crises
- 3.4.2 Financial Crises and Populism
- 3.5 End of Cycle: De-Dollarization
- 3.5.1 The Transition Regime
- 3.5.2 De-Dollarization and the Trade War
- Chapter 4 China-US Financial Decoupling
- 4.1 Trade War and the Yuan
- 4.2 The Yuan in the Monetary Policy Context
- 4.2.1 Reforms in the Transitional Period 1979-2004
- 4.2.2 A Tightly Managed Floating Regime 2005-2015
- 4.2.3 Managed Floating Post "811"
- 4.2.4 Currency Outlook and Reforms
- 4.3 Globalizing the RMB in the Deglobalizing World
- 4.3.1 De-Dollarization
- 4.3.2 RMB Internationalization
- 4.4 Reserve Diversification10
- 4.4.1 China's Holding of US Dollar Assets
- 4.4.2 Alternative Assets
- Chapter 5 A Race on the Digital Turf
- 5.1 Reform and Technology Independence
- 5.2 China's Structural Challenges
- 5.2.1 Demographic Challenge and Overleveraging
- 5.2.2 Supply-Side Structural Reforms
- 5.3 China's Digital Economy
- 5.3.1 Digitalization and Structural Rebalancing
- 5.3.2 China's Tech Policy
- 5.4 The Tech Rush and the Little Chips