{"product_id":"chinas-trump-card-9781119699125","title":"Chinas Trump Card","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 An Unconventional Trade Feud 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Thanos and Trump 1\u003c\/p\u003e \u003cp\u003e1.2 What Causes the Trade War? 4\u003c\/p\u003e \u003cp\u003e1.3 The Novelty of This Trade War 18\u003c\/p\u003e \u003cp\u003e1.4 Economic Impacts and Consequences 26\u003c\/p\u003e \u003cp\u003e1.5 Trade War and Deglobalization 33\u003c\/p\u003e \u003cp\u003eAnnex A: China’s Belt and Road Initiative 38\u003c\/p\u003e \u003cp\u003eAnnex B: Official Statements from the US and China 39\u003c\/p\u003e \u003cp\u003eAnnex C: Major Timeline of the Trade War 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Trade Imbalances and the Greenback 46\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Missing Link between Trade and Currency 46\u003c\/p\u003e \u003cp\u003e2.2 Stubbornly Persistent US Trade Deficits 48\u003c\/p\u003e \u003cp\u003e2.3 Is the Exchange Rate to Blame? 56\u003c\/p\u003e \u003cp\u003e2.4 Exorbitant Privilege of the Dollar 63\u003c\/p\u003e \u003cp\u003e2.5 Dollar Recycling and the Global Saving Glut 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Deglobalization Prompts De-Dollarization 78\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Anti-Multilateralism and Anti-Sovereign Movement 78\u003c\/p\u003e \u003cp\u003e3.2 The Globalization Cycle 81\u003c\/p\u003e \u003cp\u003e3.3 Currency Globalization 89\u003c\/p\u003e \u003cp\u003e3.4 Financial Deglobalization 98\u003c\/p\u003e \u003cp\u003e3.5 End of Cycle: De-Dollarization 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 China–US Financial Decoupling 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Trade War and the Yuan 111\u003c\/p\u003e \u003cp\u003e4.2 The Yuan in the Monetary Policy Context 115\u003c\/p\u003e \u003cp\u003e4.3 Globalizing the RMB in the Deglobalizing World 129\u003c\/p\u003e \u003cp\u003e4.4 Reserve Diversification 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 A Race on the Digital Turf 156\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Reform and Technology Independence 156\u003c\/p\u003e \u003cp\u003e5.2 China’s Structural Challenges 159\u003c\/p\u003e \u003cp\u003e5.3 China’s Digital Economy 168\u003c\/p\u003e \u003cp\u003e5.4 The Tech Rush and the Little Chips 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Cryptocurrency and the People’s Money 194\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Deglobalization in the Digital Time 194\u003c\/p\u003e \u003cp\u003e6.2 Bitcoin and Distributed Ledgers 197\u003c\/p\u003e \u003cp\u003e6.3 Can Cryptocurrency Replace Money? 215\u003c\/p\u003e \u003cp\u003e6.4 Regulatory Responses 220\u003c\/p\u003e \u003cp\u003e6.5 Implication on Monetary Policy 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Foreign Reserves Go Digital 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 From Zhou to Carney 227\u003c\/p\u003e \u003cp\u003e7.2 Reserve Currency Based on Liquidity 229\u003c\/p\u003e \u003cp\u003e7.3 The Potential Role of Cryptocurrency in Global Reserving 238\u003c\/p\u003e \u003cp\u003e7.4 Implication of the Libra Project 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Endgame 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 The Trade War as the Perfect Shock 249\u003c\/p\u003e \u003cp\u003e8.2 Libra or RMB, Which is the Designated One? 251\u003c\/p\u003e \u003cp\u003e8.3 What Can China Do? 253\u003c\/p\u003e \u003cp\u003eBibliography 257\u003c\/p\u003e \u003cp\u003eIndex 269\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407124078935,"sku":"9781119699125","price":21.59,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/chinas-trump-card-9781119699125","provider":"Book Curl","version":"1.0","type":"link"}