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The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...
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– the Renminbi. In this context, they consider China to be one of the main sources of the world financial and economic … the West and particularly the USA, the growth in China is at least partly based on the undervaluation of its currency … crises. This book considers this struggle around the economic imbalances between China and the US as an example for a power …
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Renminbi; Reservewährung; Währungsreserven; Weltwährungssystem; lernende Gesellschaft …international currency system; reserve currency; currency reserves; learning society; China …In der vorliegenden Dissertation wird der Aufstieg der chinesischen Volkswährung - Renminbi - an den Weltfinanzmärkten …
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We analyze the nature of sovereign credit risk for selected Asian and European countries through a set of sovereign CDS data for an eighty-year period that includes the episode of the 2008-2009 financial crisis. Our principal component analysis results suggest that there is strong commonality in...
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