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Credibility of USD Dominance in an Era of Uncertainty
The United States dollar (USD) has long served as the cornerstone of the global reserve currency system, maintaining its dominance for several decades. Nevertheless, this preeminence is increasingly challenged by a landscape characterized by geopolitical
Mirza Khidasheli
doaj +1 more source
A tendency to implement national currencies in foreign trade settlements on a wider scale reflects a multipolar essence of the modern world. It is quite logical and natural result of increasing risks lately connected with the key world currencies ...
I. A. Balyuk
doaj
The credibility of The Link from the perspective of modern financial theory [PDF]
Hong Kong’s Linked Exchange Rate System (LERS) has been in operation for twenty-five years during which time many other fixed exchange rate systems have succumbed to shocks and/or speculative attacks.
Genberg, Hans, Hui, Cho-Hoi
core
ABSTRACT In response to the Covid‐19 pandemic, the governments of Hong Kong, Taiwan, Japan, and South Korea implemented direct cash disbursements to citizens in 2020 and 2021. This paper assesses whether these near‐simultaneous universal cash payout schemes presage a broader transformation in the welfare paradigm of these East Asian economies ...
Daniel Chi Fung Yeung +3 more
wiley +1 more source
En el estudio de las alternativas al dólar estadounidense en el Sistema Financiero Internacional durante el periodo 2016-2022, se escogieron las transacciones internacionales como una de las variables a analizar.
María Fernanda Benítez Pena
doaj +1 more source
Abstract Urbanization tends to modify heavy precipitation patterns, resulting in increased risk of extreme hazards. However, how urbanization differentially modulates various precipitation categories—captured by indices based on all precipitation events and those representing extremes—has received limited attention.
Jiajia Su +4 more
wiley +1 more source
The nexus of BRI and internationalization of renminbi (RMB)
Since 2009, the Chinese government has committed itself to encourage Renminbi (RMB) internationalization. China has introduced various direct steps supporting the RMB internationalization, including the open capital market in Hugangtong, the growth of ...
Bora Ly
doaj +1 more source
Dynamics and constraints of state-led global city formation in emerging economies: The case of Shanghai [PDF]
This article seeks to contribute to a better understanding of the role of the state in influencing the formation of global cities in emerging economies, and highlights the complexity of this role due to challenging external environment, divergent ...
Zhang, L
core +1 more source
This study examines China's evolving use of sanctions as a foreign policy instrument, with a focus on their symbolic functions and role in international status signaling. Moving beyond conventional perspectives that emphasize coercive aspects of sanctions, the study frames China's sanctions as part of a broader effort by an emerging great power to gain
Soojin Han
wiley +1 more source
An Empirical Test of the Efficiency Hypothesis on the Renminbi NDF in Hong Kong Market [PDF]
In this paper we analyze empirically the efficiency hypothesis after the revaluation on July 21, 2005, using daily non-deliverable forward (NDF) renminbi rates in the Hong Kong market.
Hideki Izawa
core

