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The digital renminbi's disruption : shaping the global economic, financial and policy landscapes / Chi Lo.
- Format:
- Book
- Author/Creator:
- Luo, Qi, author.
- Series:
- Emerald Points
- Language:
- English
- Subjects (All):
- Digital currency.
- Infrastructure (Economics).
- China.
- Physical Description:
- 1 online resource (161 pages)
- Edition:
- First edition.
- Place of Publication:
- Bingley, UK : Emerald Publishing Limited, [2022]
- Summary:
- Exposing hidden trends and systemic flaws and debunking myths, The Digital Renminbi's Disruptioncontributes to revealing China's digital disruption and leads to a better understanding of upcoming potential volatility in the wake of the unfolding digital revolution.
- Contents:
- Cover
- THE DIGITAL RENMINBI'S DISRUPTION
- THE DIGITAL RENMINBI'S DISRUPTION: Shaping the Global Economic, Financial and Policy Landscapes
- Copyright
- Dedication
- BOOKS ALSO BY CHI LO
- CONTENTS
- LIST OF ABBREVIATIONS
- Introduction
- China, Central Bank Digital Currency and Cryptocurrency
- Cryptocurrency Versus CBDC
- A Summary
- Plan of the Book
- 1. China's Central Bank Digital Currency
- Risky Private Money
- Introducing China's CBDC
- Crystallising China's Digital Revolution
- Short-Term Objectives of DCEP
- Internationalisation in the Long Run
- 2. The Crypto Disruption
- Cryptos Are Here to Stay
- Manias or a New Universe?
- Problems With Cryptos (Bitcoin)
- It Is Not Money
- It Is a Speculation Vehicle
- It Is Not a Store of Value
- Fixed Supply Is a Macroeconomic Problem
- Clash Between Cryptos and CBDC
- Bitcoin's Environmental Cost
- CBDCs Are Coming
- Crypto Shooting Itself in the Foot
- Weak Versus Strong Institutions
- Crypto Has Not Won the Day
- 3. Disrupting the Crypto Disruption
- The Two-Tier System of DCEP
- Prompting Growth in Virtual Finance…
- …And Facilitating Renminbi Internationalisation
- Impact on Monetary System and Policy
- The Future Digital-Currency War
- Controlled Anonymity
- Banks versus Fintech Platforms
- Information Asymmetry versus Controlled Anonymity
- The ESG of Digital Yuan
- The E Aspect - Economic and Environmental Factors
- The S Aspect - Social Development
- The G Aspect - Monetary Policy Sovereignty and Governance
- Internationalisation Not a Priority
- 4. Decoding China's Tech Policy
- Financial Innovation Backfires
- The Devil Is in the Details
- Bank Loan
- Securitisation
- Moral Hazard, Adverse Selection and Systemic Risk
- Blessing in Disguise
- Short-Term Pains for Long-Term Gains
- Regulatory Tightening, a Quick Digression.
- Plugging the Loopholes
- Embracing Tech Industry Competition
- The Big Picture of the Tech Clampdown
- A Change in the Reform Tactics
- Manufacturing Is Back
- The Role of the Private Sector
- The Domestic Agenda
- 5. Breaking Up the Global Payments System
- A Monumental Change for Control
- Digital Currencies and War
- Prelude to the Digital Disruption
- The False Disruption
- The Real Disruption
- The Oil Politics
- The Petroyuan's Threat
- The Barriers to Disrupt
- A Marginal Force for Now
- Disrupting Technology and Internet
- 6. The Digital Belt and Road Initiative
- The Original BRI
- Already Clashes with the United States
- The Digital BRI
- Linking the Digital Silk Road to the Health Silk Road
- Global Tensions and Disruption
- A New Geopolitical Landscape
- ASEAN to Benefit
- The Sino-US Mutual Disruption
- The Global Digital Disruption
- 7. The Digital Currency War
- Eroding US Dollar Dominance
- A Digital Revolution
- A Global Currency Disruptor?
- Laying the Groundwork
- Divided We May Stand
- From Currency War…
- … to Digital Currency War
- The Digital Battlefields
- International Lending
- National Interest
- Global Payments Systems and Regulatory Controls
- Technology and National Security
- The Future Currency War
- 8. Renminbi vs Dollar Hegemony, the Ultimate Disruption
- A Domestic Digital Yuan
- Limitation of the Renminbi's Global Role
- The Dollar Inertia
- China's Digital Disruption Does Not Wait
- BIBLIOGRAPHY
- INDEX.
- Notes:
- Includes bibliographical references and index.
- Description based on print version record.
- Other Format:
- Print version: Lo, Chi The Digital Renminbi's Disruption
- ISBN:
- 9781804553305
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