The Peopled Bank of China,the country’s central bank,announced during its work conference,held in Beijing on January 3-4,that it will implement a moderately loose monetary policy in 2025.The bank also stated it will ...
This study investigated the impact of China’s monetary policy on both the money market and stock markets,assuming that non-policy variables would not respond contemporaneously to changes in policy variables.Monetary ...
Economic cycles are not economic evils but rather healing agents for returning to equilibrium,just as inflation and deflation are not economic misfortunes but the sign of bad governance and a bitter medicine for retur...
Supermarkets and large-scale retail stores are usually subject to huge monetary transactions for certain customers’ purchases. The computerization of these systems is common in supermarkets but the security of these ...
This paper reconsiders the outcome of the adoption of a single legal currency in the 1999 Euro Act. Installing a central bank, several different solutions surfaced among the EU members and in the global economy, since...
In this paper,we present a brief version of de Finetti-Ramsey’s subjective probability theory and provide a rigorous yet intuitively plausible explanation of expected utility using elementary mathematics.In a final s...
Many types of cryptocurrencies,which predominantly utilize blockchain technology,have emerged worldwide.Several issuers plan to circulate their original cryptocurrencies for monetary use.This study investigates whethe...
sponsored by National Natural Science Foundation of China(Nos.72133006 and 71903204);the Youth Fund Project of Ministry of Education(No.19YJC790137).
The existing literature on macroeconomic policy research is mainly concerned with the impact of a single monetary or fiscal policy on China 5 macroeconomic fluctuations in a closed economy.However,the effect of a mix ...
Beginning with a few of Saussure’s ideas from Course of General Linguistics;the author tracks the development of money as signs fulfilling their pecuniary function.The principle of the arbitrariness of linguistic sig...
The Quantity Theory of Money and the Theory of Credit Creation have been the major streams in the study of the quantity of money.Nowadays,monetary theory is dominated by the Quantity Theory of Money because the Moneta...