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China's Trump card : cryptocurrency and its game-changing role in Sino-US trade
Title
China's Trump card : cryptocurrency and its game-changing role in Sino-US trade / Raymond Yeung.
ISBN
9781119699156
1119699150
9781119699149
1119699142
9781119699163
1119699169
9781119699125
1119699126
Publication
Hoboken, NJ : John Wiley & Sons, Inc., 2020.
Copyright Notice Date
©2020
Physical Description
1 online resource (xvii, 285 pages) : illustrations (chiefly color)
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
"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 global economy undergoes digital transformation As the trade war between the US and China escalates, with the US continuing to raise new tariffs on Chinese goods and China hitting back in kind, there seems to be no end in sight to the economic battle. The World Economy in Digital Times provides an in-depth discussion on this import tit-for-tat battle and sheds light on the various underlying issues whose scope is beyond the normal trade negotiations. On the surface, the economic dispute seems to have been brought about by globalization and protectionism. However, Raymond Yeung argues that the deeper reason behind this is the currency misalignment and the current global trade arrangement"-- Provided by publisher
Variant and related titles
O'Reilly Safari. OCLC KB.
Other formats
Print version: Yeung, Raymond Y.T. China's Trump card. First edition. Hoboken : Wiley, 2020
Format
Books / Online
Language
English
Added to Catalog
August 30, 2021
Bibliography
Includes bibliographical references and index.
Contents
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
Subjects
Genre/Form
Electronic books.
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