China's currency campaign
| Titel: | China's currency campaign : the challenge of internationalisation and digitalisation of the renminbi / Hanns Günther Hilpert ; Stiftung Wissenschaft und Politik, German Institute for International and Security Affairs |
|---|---|
| Verfasser: | |
| Körperschaft: | |
| Veröffentlicht: | Berlin : SWP, [June 2024] |
| Umfang: | 1 Online-Ressource (36 Seiten) |
| Format: | E-Book |
| Sprache: | Englisch |
| Schriftenreihe/ mehrbändiges Werk: |
SWP research paper ; 2024, 7 (June 2024) |
| Einheitssachtitel: | Chinas währungspolitische Offensive |
| Andere Ausgaben: |
Erscheint auch als Druck-Ausgabe: China's currency campaign. - Berlin : Stiftung Wissenschaft und Politik, German Institute for International and Security Affairs, 2024
|
X
alg: 52053906 001A $06000:08-08-24 001B $01999:09-08-24 $t02:38:32.000 001D $06000:08-08-24 001U $0utf8 001X $00 002@ $0Oax 002C $aText $btxt $2rdacontent 002D $aComputermedien $bc $2rdamedia 002E $aOnline-Ressource $bcr $2rdacarrier 003@ $0520539060 004P $010.18449/2024RP07 004U $0urn:nbn:de:101:1-2407221257299.245404511950 006C $01439166279 $aOCoLC 006G $01336462876 006U $024,O08 $f20240722 007A $01891069535 $aKXP 009Q $uhttps://doi.org/10.18449/2024RP07 $xR 009Q $uhttps://nbn-resolving.org/urn:nbn:de:101:1-2407221257299.245404511950 $xR 009Q $S0 $uhttps://doi.org/10.18449/2024RP07 $xR 009Q $qapplication/pdf $S0 $3Volltext $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $xH 010@ $aeng 010E $erda 011@ $a2024 $n[June 2024] 021A $aChina's currency campaign $dthe challenge of internationalisation and digitalisation of the renminbi $hHanns Günther Hilpert ; Stiftung Wissenschaft und Politik, German Institute for International and Security Affairs 022A $aChinas währungspolitische Offensive 028A $BVerfasser $#Hilpert, Hanns-Günther $#Hilpert, Hanns-G. $#Hilpert, Hanns G. $#Hilpert, H. Günther $#Hilpert, H.-Günther $#Hilpert, H. G. $#HIlpert, H.-G. $#Hilpert, Hanns G. $4aut $7118131818 $8Hilpert, Hanns Günther$Z1959- [Tp3] $9151619700 029F $BHerausgebendes Organ $#Фонд Науки и Политики $#SWP $#Stiftung Wissenschaft und Politik (SWP) Deutsches Institut für Internationale Politik und Sicherheit $#Deutsches Institut für Internationale Politik und Sicherheit $#Deutsches Institut für Internationale Politik und Sicherheit der Stiftung Wissenschaft und Politik (SWP) $#German Institute for International and Security Affairs $#Stiftung Wissenschaft und Politik - Forschungsinstitut für Internationale Politik und Sicherheit $#Forschungsinstitut für Internationale Politik und Sicherheit $#German Research Institute for International Affairs $4isb $72023076-X $8Stiftung Wissenschaft und Politik [Tb1] $9042767121 033A $pBerlin $nSWP 034D $a1 Online-Ressource (36 Seiten) 036E $aSWP research paper $l2024, 7 (June 2024) 037A $a"English version of SWP-Studie 9/2024" 037A $aGesehen am 11.06.2024 037I $aNamensnennung 4.0 International $qDE-206 $2cc $uhttps://creativecommons.org/licenses/by/4.0 $fCC BY 4.0 037J $aOpen Access $qDE-206 $2star $uhttp://purl.org/coar/access_right/c_abf2 $fUnrestricted online access 039D $aErscheint auch als $tChina's currency campaign $dBerlin $eStiftung Wissenschaft und Politik $fGerman Institute for International and Security Affairs, 2024 $nDruck-Ausgabe 039M $aÜbersetzung von $tChinas währungspolitische Offensive $dBerlin $eSWP $f2024 $h1 Online-Ressource (38 Seiten) $lHilpert, Hanns Günther, 1959 - 044K $qDNB $RBank $#Banks and banking, Central $#Banks of issue $#Banques centrales $#Zentralbank $#Zentralbank $#Zentralbank $#Währungsbank $#Zentralbank $#Zentralnotenbank $#Zettelbank $#Nationalbank $74042669-5 $8Notenbank [Ts1] $9085118362 044K $qDNB $RGlobalisierung $#International business enterprises $#Entreprises multinationales $#Internationalisierung $#Internationalisierung $74162106-2 $8Internationalisierung [Ts1] $9085714542 044K $qDNB $#Ziel $#Artikulation von Zielen/Forderungen $#Zielsetzung $#Ziele $74117713-7 $8Ziel [Ts1] $9085364185 044K $qDNB $RPolitik $#Economic policy $#Politique économique $#Política económica $#economic policies $#Wirtschaftspolitik $#Wirtschaftspolitik $#Volkswirtschaftspolitik $#Allgemeine Wirtschaftspolitik $74066493-4 $8Wirtschaftspolitik [Tsz] $9085186929 044K $qDNB $#Interest (Psychology) $#Intérêt (psychologie) $#Interesse $#Interessen $74161990-0 $8Interesse [Ts1] $9085713600 044K $qDNB $RNationalbewegung $RNationalbewusstsein $RPatriotismus $#Nationalism $#Nationalisme $#Nacionalismo $#Nationalismus $#Nationalismus $#Nationalismus $#Pannationalismus $74041300-7 $8Nationalismus [Ts1] $9085113069 044K $qDNB $#Politisches Ziel $#Politische Ziele $#Politische Ziele $#Politik Ziel $#Politische Zielsetzung $#Politik Zielsetzung $#Ziel Politik $74211500-0 $8Politisches Ziel [Ts1] $9086086103 044K $qDNB $RTaiwan $#中国 $#中國 $#Rotchina $#Zhongguo Diguo $#Zhongguo-Diguo $#Kaiserreich Zhongguo $#Zhongguo Volksrepublik $#Chung-kuo Renmin-Gongheguo $#Zhonghua-minguo 1911-1949 $#Chung-hua-min-kuo 1911-1949 $#China Renmin-Gongheguo $#Zhonghua-Renmin-Gongheguo $#Kaiserreich China $#China Diguo $#PRC $#Zhongguo Renmin-Gongheguo $#Shinkoku $#Chung-hua-jen-min-kung-ho-kuo $#Zhonghua Renmin-Gongheguo $#Zhongguo $#China Volksrepublik $#Volksrepublik China $#Zhongguo $#VR China $#China People's Republic $#People's Republic of China $#Zhong guo $#PRC People's Republic of China $#Zhonghua renmin gongheguo $#République populaire de Chine $#Chung-kuo kuo min cheng fu $#China Republic : 1912-1949 $#Chine $#KNR Kytajsʹkaja Narodnaja Respublika $#Zhongguo renmin gongheguo $#Chinese People's Republic $#Kytajsʹkaja Narodnaja Respublika $#Chinese People’s Republic $#Republic of China 1912-1949 $#Chung-hua min kuo 1912-1949 $#Chung-kuo $#中华人民共和国 $74009937-4 $8China [Tg1] $908501933X 045E $c320 046X $aArchivierung/Langzeitarchivierung gewährleistet $5DE-101 047I $aZusammenfassung: In China, money, currency and payment transactions are manifestations of state sovereignty and political power. The primary objective of Chinese monetary policy is to maintain domestic stability, expand the scope of its own influence internationally, and reshape the global financial and monetary system to make it more compatible with the structures of the Chinese one-party state. China is pursuing the internationalisation of the renminbi on several tracks in small persistent steps and with a long-term perspective, but it has so far shied away from the decisive transition to convertibility. For the time being, the renminbi does not play a significant role on the global financial and currency markets. However, it is gaining ground as a trading, credit and reserve currency in Asia and the Global South. China is a pioneer in the development and introduction of digital central bank money. It is striving to play a leading role in the digitalisation of international payment transactions. Prospectively, the technology and infrastructure developed in China and the standards set for cross-border payments using blockchain and real-time transactions could replace the current international banking and clearing system in a cost-effective manner. The Chinese leadership believes that digital central bank money offers great potential: In terms of domestic policy, it creates further opportunities for surveillance and repression. Internationally, it would become easier for China and third countries to circumvent Western financial sanctions. In response to China’s currency campaign, the European Union and the European Central Bank should step up their own efforts to internationalise and digitise the euro. Europe should avoid dependence on China when it comes to the future critical infrastructure of an interoperable system for international payments with digital central bank money lok: 52053906 3 exp: 52053906 3 1 #EPN 201B/01 $009-08-24 $t02:38:32.473 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $0126862831X 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 5 exp: 52053906 5 1 #EPN 201B/01 $009-08-24 $t02:38:32.478 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628328 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 8 exp: 52053906 8 1 #EPN 201B/01 $009-08-24 $t02:38:32.481 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628336 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 10 exp: 52053906 10 1 #EPN 201B/01 $009-08-24 $t02:38:32.484 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628344 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 11 exp: 52053906 11 1 #EPN 201B/01 $009-08-24 $t02:38:32.487 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628352 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 20 exp: 52053906 20 1 #EPN 201B/01 $009-08-24 $t02:38:32.490 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628360 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 21 exp: 52053906 21 1 #EPN 201B/01 $009-08-24 $t02:38:32.493 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628379 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 23 exp: 52053906 23 1 #EPN 201B/01 $009-08-24 $t02:38:32.495 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628387 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 24 exp: 52053906 24 1 #EPN 201B/01 $009-08-24 $t02:38:32.498 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628395 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 25 exp: 52053906 25 1 #EPN 201B/01 $009-08-24 $t02:38:32.500 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628409 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 36 exp: 52053906 36 1 #EPN 201B/01 $009-08-24 $t02:38:32.502 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628417 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 49 exp: 52053906 49 1 #EPN 201B/01 $009-08-24 $t02:38:32.504 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628425 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 54 exp: 52053906 54 1 #EPN 201B/01 $009-08-24 $t02:38:32.510 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628441 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 108 exp: 52053906 108 1 #EPN 201B/01 $009-08-24 $t02:38:32.515 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628468 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 204 exp: 52053906 204 1 #EPN 201B/01 $009-08-24 $t02:38:32.518 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628476 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH lok: 52053906 205 exp: 52053906 205 1 #EPN 201B/01 $009-08-24 $t02:38:32.520 201C/01 $009-08-24 201U/01 $0utf8 203@/01 $01268628484 208@/01 $a09-08-24 $bl 209S/01 $S0 $uhttps://doi.org/10.18449/2024RP07 $XR 209S/01 $S0 $uhttps://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf $XH
| LEADER | 00000cam a22000002c 4500 | ||
|---|---|---|---|
| 001 | 520539060 | ||
| 003 | DE-603 | ||
| 005 | 20240809023832.0 | ||
| 007 | cr|||||||||||| | ||
| 008 | 240808s2024 xx |||| o| u00||u|eng | ||
| 015 | |a 24,O08 |2 dnb | ||
| 016 | 7 | |2 DE-101 |a 1336462876 | |
| 024 | 7 | |a 10.18449/2024RP07 |2 doi | |
| 024 | 7 | |a urn:nbn:de:101:1-2407221257299.245404511950 |2 urn | |
| 035 | |a (DE-599)KXP1891069535 | ||
| 040 | |a DE-603 |b ger |c DE-603 |d DE-603 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 320 |q DE-101 |2 sdnb | ||
| 100 | 1 | |a Hilpert, Hanns Günther |d 1959- |e Verfasser |4 aut |0 (DE-603)151619700 |0 (DE-588)118131818 |2 gnd | |
| 240 | 1 | 0 | |a Chinas währungspolitische Offensive |
| 245 | 0 | 0 | |a China's currency campaign |b the challenge of internationalisation and digitalisation of the renminbi |c Hanns Günther Hilpert ; Stiftung Wissenschaft und Politik, German Institute for International and Security Affairs |
| 264 | 1 | |a Berlin |b SWP |c [June 2024] | |
| 300 | |a 1 Online-Ressource (36 Seiten) | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a SWP research paper |v 2024, 7 (June 2024) | |
| 500 | |a "English version of SWP-Studie 9/2024" | ||
| 500 | |a Gesehen am 11.06.2024 | ||
| 520 | |a Zusammenfassung: In China, money, currency and payment transactions are manifestations of state sovereignty and political power. The primary objective of Chinese monetary policy is to maintain domestic stability, expand the scope of its own influence internationally, and reshape the global financial and monetary system to make it more compatible with the structures of the Chinese one-party state. China is pursuing the internationalisation of the renminbi on several tracks in small persistent steps and with a long-term perspective, but it has so far shied away from the decisive transition to convertibility. For the time being, the renminbi does not play a significant role on the global financial and currency markets. However, it is gaining ground as a trading, credit and reserve currency in Asia and the Global South. China is a pioneer in the development and introduction of digital central bank money. It is striving to play a leading role in the digitalisation of international payment transactions. Prospectively, the technology and infrastructure developed in China and the standards set for cross-border payments using blockchain and real-time transactions could replace the current international banking and clearing system in a cost-effective manner. The Chinese leadership believes that digital central bank money offers great potential: In terms of domestic policy, it creates further opportunities for surveillance and repression. Internationally, it would become easier for China and third countries to circumvent Western financial sanctions. In response to China’s currency campaign, the European Union and the European Central Bank should step up their own efforts to internationalise and digitise the euro. Europe should avoid dependence on China when it comes to the future critical infrastructure of an interoperable system for international payments with digital central bank money | ||
| 650 | 7 | |a Notenbank |0 (DE-588)4042669-5 |0 (DE-603)085118362 |2 gnd | |
| 650 | 7 | |a Internationalisierung |0 (DE-588)4162106-2 |0 (DE-603)085714542 |2 gnd | |
| 650 | 7 | |a Ziel |0 (DE-588)4117713-7 |0 (DE-603)085364185 |2 gnd | |
| 650 | 7 | |a Wirtschaftspolitik |0 (DE-588)4066493-4 |0 (DE-603)085186929 |2 gnd | |
| 650 | 7 | |a Interesse |0 (DE-588)4161990-0 |0 (DE-603)085713600 |2 gnd | |
| 650 | 7 | |a Nationalismus |0 (DE-588)4041300-7 |0 (DE-603)085113069 |2 gnd | |
| 650 | 7 | |a Politisches Ziel |0 (DE-588)4211500-0 |0 (DE-603)086086103 |2 gnd | |
| 651 | 7 | |a China |0 (DE-588)4009937-4 |0 (DE-603)08501933X |2 gnd | |
| 710 | 2 | |a Stiftung Wissenschaft und Politik |e Herausgebendes Organ |4 isb |0 (DE-603)042767121 |0 (DE-588)2023076-X |2 gnd | |
| 775 | 0 | 8 | |i Übersetzung von |a Hilpert, Hanns Günther, 1959 - |t Chinas währungspolitische Offensive |d Berlin : SWP, 2024 |h 1 Online-Ressource (38 Seiten) |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |t China's currency campaign |d Berlin : Stiftung Wissenschaft und Politik, German Institute for International and Security Affairs, 2024 |
| 856 | |u https://doi.org/10.18449/2024RP07 |x Resolving-System | ||
| 856 | |u https://nbn-resolving.org/urn:nbn:de:101:1-2407221257299.245404511950 |x Resolving-System | ||
| 856 | |u https://doi.org/10.18449/2024RP07 |x Resolving-System |z kostenfrei | ||
| 856 | |q application/pdf |u https://www.swp-berlin.org/publications/products/research_papers/2024RP07_ChinasCurrencyCampaign.pdf |x Verlag |z kostenfrei |3 Volltext | ||
| 924 | 1 | |9 603 |a (DE-603)126862831X |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628328 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628336 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628344 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628352 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628360 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628379 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628387 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628395 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628409 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628417 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628425 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628441 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628468 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628476 |b DE-603 |c HES |d d | |
| 924 | 1 | |9 603 |a (DE-603)1268628484 |b DE-603 |c HES |d d | |
