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South-South cooperation is becoming increasingly important given criticisms on the current process of globalization. Since the 19th century, non-hegemonic countries and regions forged alliances as a strategy to reduce dependency and dominance from Northern powers. At the beginning of the 21st...
Persistent link: https://www.econbiz.de/10014222483
During 2013, the U.S. Treasury Department evoked the first use of the 2001 Patriot Act to exclude virtual currency provider Liberty Reserve from the U.S. financial system. This article will discuss: the regulation of virtual currencies; cybercrimes and payment systems; darknets, Tor and the...
Persistent link: https://www.econbiz.de/10012973517
China introduced yuan-denominated trade settlement in July 2009 to help its exporters avoid exchange rate risk. The … foreign and 10 of those Japanese, have been selected to participate in the pilot program on the mainland China side. Reasons … forward in stages. China's foreign exchange and capital transactions have already been liberalized roughly to the point where …
Persistent link: https://www.econbiz.de/10013141610
ambition, or COVID-19 induced recession; it is China's fast acceleration in becoming a game changer in the world order that the …
Persistent link: https://www.econbiz.de/10012825152
This paper adopts the tail-event driven network (TENET) framework to explore the connectedness and systemic risk of the banking industry along the Belt and Road (B&R) based on weekly returns of 377 publicly-listed banks from 2014 to 2019. We conduct the connectedness analysis from four levels...
Persistent link: https://www.econbiz.de/10013272974
As the largest-ever infrastructure project, China’s Belt and Road Initiative (BRI) is expected to reshape the global … findings on foreign aid, international trade, and BRI program membership highlight China's growing footprint in corridor …
Persistent link: https://www.econbiz.de/10014243347
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In contrast to earlier empirical research that documents the import and export price elasticities at an aggregate level, this article estimates bilateral price and income impacts on Pakistan's trade performance with its four major trading partners, i.e. USA, UK, Germany, and Japan. Using...
Persistent link: https://www.econbiz.de/10015161748