China's Trump card : cryptocurrency and its game-changing role in Sino-US trade / Raymond Yeung.

Format:

Book

Author/Creator:

Yeung, Raymond Y. T., author.

Language:

English

Subjects (All):

China--Commerce--United States.

China.

Commerce.

United States.

United States--Commerce--China.

Tariff--China.

Tariff.

Tariff--United States.

China--Foreign economic relations--United States.

International economic relations.

United States--Foreign economic relations--China.

Trump, Donald, 1946-.

Trump, Donald.

Physical Description:

xvii, 285 pages : illustrations ; 23 cm

Edition:

First edition.

Place of Publication:

Hoboken, NJ : John Wiley & Sons, Ltd., 2020.

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.

Contents:

Machine generated contents note: ch. 1 An Unconventional Trade Feud

1.1. Thanos and Trump

1.2. What Causes the Trade War?

1.3. The Novelty of This Trade War

1.4. Economic Impacts and Consequences

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

ch. 2 Trade Imbalances And The Greenback

2.1. The Missing Link between Trade and Currency

2.2. Stubbornly Persistent US Trade Deficits

2.3. Is the Exchange Rate to Blame?

2.4. Exorbitant Privilege of the Dollar

2.5. Dollar Recycling and the Global Saving Glut

ch. 3 Deglobalization Prompts De-Dollarization

3.1. Anti-Multilateralism and Anti-Sovereign Movement

3.2. The Globalization Cycle

3.3. Currency Globalization

3.4. Financial Deglobalization

3.5. End of Cycle: De-Dollarization

ch. 4 China-Us Financial Decoupling

4.1. Trade War and the Yuan

4.2. The Yuan in the Monetary Policy Context

4.3. Globalizing the RMB in the Deglobalizing World

4.4. Reserve Diversification

ch. 5 A Race On The Digital Turf

5.1. Reform and Technology Independence

5.2. China's Structural Challenges

5.3. China's Digital Economy

5.4. The Tech Rush and the Little Chips

ch. 6 Cryptocurrency And The People's Money

6.1. Deglobalization in the Digital Time

6.2. Bitcoin and Distributed Ledgers

6.3. Can Cryptocurrency Replace Money?

6.4. Regulatory Responses

6.5. Implication on Monetary Policy

ch. 7 Foreign Reserves Go Digital

7.1. From Zhou to Carney

7.2. Reserve Currency Based on Liquidity

7.3. The Potential Role of Cryptocurrency in Global Reserving

7.4. Implication of the Libra Project

ch. 8 The Endgame

8.1. The Trade War as the Perfect Shock

8.2. Libra or RMB, Which Is the Designated One?

8.3. What Can China Do?.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Yeung, Raymond, China's trump card

ISBN:

9781119699125

1119699126

OCLC:

1159624702