The Perfect Storm with Chinese Characteristics: A downside Scenario for China...Team Finland Future Watch
A Downside Scenario for China’s Economy.
- Scenario analysis is not use to generate predictions, but rather to generate plausible futures in order to understand how they might come about in order to support planning and strategy formulation. An economic collapse scenario for China’s economy is not the consensus view.
- The scenario described in this document is not a prediction, but rather one plausible future given the current state of China and the world.
Managing capital flows in a globalized economy. Presentation delivered by Marek Dabrowski at the Course on “Integration in Europe: European Union and Eurasian Union”, Joint Vienna Institute, Vienna, October 23, 2014.
Marek Dabrowski is currently CASE Fellow, Non-Resident Fellow a Bruegel, Fellow at the European Comission-Directorate General for Economic and Financial Affairs, Professor of the Higher School of Economics in Moscow, Chairman of the Supervisory Board of CASE Ukraine in Kiev, and Member of Scientific Council of E.T. Gaidar Institute for Economic Policy in Moscow. Between 1989 and 1990 he served as a First Deputy Minister of Finance of the Republic of Poland. See the full profile here http://www.case-research.eu/en/node/51822
Paper gives an explanation on how money is created in the modern economy ;through extension of credit in comparison with the traditional money creation process which relies on deposits to create money. It bases on three theories of banking ;the theory of financial intermediation ;fractional reserve theory as well as the the theory of credit creation ,giving an empirical analysis on which theory truly explains money creation in todays economy.
The Perfect Storm with Chinese Characteristics: A downside Scenario for China...Team Finland Future Watch
A Downside Scenario for China’s Economy.
- Scenario analysis is not use to generate predictions, but rather to generate plausible futures in order to understand how they might come about in order to support planning and strategy formulation. An economic collapse scenario for China’s economy is not the consensus view.
- The scenario described in this document is not a prediction, but rather one plausible future given the current state of China and the world.
Managing capital flows in a globalized economy. Presentation delivered by Marek Dabrowski at the Course on “Integration in Europe: European Union and Eurasian Union”, Joint Vienna Institute, Vienna, October 23, 2014.
Marek Dabrowski is currently CASE Fellow, Non-Resident Fellow a Bruegel, Fellow at the European Comission-Directorate General for Economic and Financial Affairs, Professor of the Higher School of Economics in Moscow, Chairman of the Supervisory Board of CASE Ukraine in Kiev, and Member of Scientific Council of E.T. Gaidar Institute for Economic Policy in Moscow. Between 1989 and 1990 he served as a First Deputy Minister of Finance of the Republic of Poland. See the full profile here http://www.case-research.eu/en/node/51822
Paper gives an explanation on how money is created in the modern economy ;through extension of credit in comparison with the traditional money creation process which relies on deposits to create money. It bases on three theories of banking ;the theory of financial intermediation ;fractional reserve theory as well as the the theory of credit creation ,giving an empirical analysis on which theory truly explains money creation in todays economy.
Tracking money and fund flows from one financial entity to another will lead to a long chain or network of entities spread all over the world. Along with the funds financial risks also flow across the network. They can have a devastating cascading effect when one entity collapses. The financial melt down of global markets in 2007-08 was precipitated by failure in such networks. We present the dimensions and complexity in modelling fund flows in these networks.
Interest rate risk management what regulators want in 2015 7.15.2015Craig Taggart MBA
Areas covered in this section
Why Interest Rate Risk (IRR) should not be ignored
• Forward Rate Agreements (FRA’s) Forwards, Futures
• Swaps, Options
Why Bank Regulators continue to have a poor handle on interest rate risk
• Interest Rate Caps, floors, Collars
• LIBOR and UBS & Barclays rigging rates
• How should Financial Institutions determine which IRR vendor models are appropriate?
IRR Measurement methodologies are institutions
Blockchain and Cryptoeconomic Policy IEEE Tencon 2018 Tutorial Oct. 28th, 2018Heung-No Lee
Abstract - Bitcoin is a peer-to-peer electronic cash transfer system without a bank in the middle. The e-cash can be sent to anyone in the internet as if it was an in-person transfer of money. To meet such an end, Bitcoin introduces a novel idea, blockchain. Blockchain maintains a group of “cryptographically chained” digital documents, a ledger. Cryptographic chain is required to record in an unforgeable way transactions such as coin transfers from one to the other. The ledger is published and left open in the internet. The open chained ledger makes electronic transfer of money possible over the internet without the authority in the middle. Since 2009 Bitcoin was introduced, it has made tremendous strides. Market value has been created, capitalization surpassing more than 20 Billion USD in 2017. Thousands of follow-up systems have been created. World Economic Forum has forecasted that 10% of global GDP will be stored in blockchains by 2025. In this tutorial, we aim to review Bitcoin and Ethereum for their program architectures and operations. Ethereum is believed to have made the e-cash system to the next level by inclusion of “smart contracts” in its function. Smart contracts enable formation of contractual relations between two or more parties and the terms specified in the contract are executed automatically when prescribed conditions are met. In this tutorial, we also aim to shed light on technical sides of blockchain technology such as privacy, security and autonomy which are sensitive to regulations and policies. Many initial coin offerings has been made amassing a large amount of crowd funding. While it is a revolutionary invention, blockchain and cryptocurrency systems are at its infancy stage. In order to foster continued healthy development, it is imperative for us to see the core of the technology and be able to evaluate the short and long term impacts of this technology based on scientific facts. This shall help us avoid any unwanted act of fear and road blocks to development. Regulations should be kept at its minimal. There are obvious ones: price manipulation practices and fraudulent investment operations should be prevented and punished heavily when caught. But more importance should be developing a policy to fostering researches, startups and funding to help uncover new opportunities. Blockchain can be useful in many future applications such as transfer of lands and houses, bank accounts to people in underdeveloped nations, and low cost maintenance of valuable records such as patents and copyrights. If some of them are indeed realizable, blockchain is sure to make the society clearer and more expectable. Protection of rights for underprivileged people can be improved; disputes and conflicts in the society lessened; transaction costs reduced and healthy interaction among people encouraged. Who knows that it shall lead us a step closer to the society of genuine trust!
Blockchain and CryptoEconomic Policy -- IEEE Tencon Tutorial, Jeju, Oct. 28th...Heung-No Lee
Abstract -- Bitcoin is a peer-to-peer electronic cash transfer system without a bank in the middle. The e-cash can be sent to anyone in the internet as if it was an in-person transfer of money. To meet such an end, Bitcoin introduces a novel idea, blockchain. Blockchain maintains a group of “cryptographically chained” digital documents, a ledger. Cryptographic chain is required to record in an unforgeable way transactions such as coin transfers from one to the other. The ledger is published and left open in the internet. The open chained ledger makes electronic transfer of money possible over the internet without the authority in the middle. Since 2009 Bitcoin was introduced, it has made tremendous strides. Market value has been created, capitalization surpassing more than 20 Billion USD in 2017. Thousands of follow-up systems have been created. World Economic Forum has forecasted that 10% of global GDP will be stored in blockchains by 2025. In this tutorial, we aim to review Bitcoin and Ethereum for their program architectures and operations. Ethereum is believed to have made the e-cash system to the next level by inclusion of “smart contracts” in its function. Smart contracts enable formation of contractual relations between two or more parties and the terms specified in the contract are executed automatically when prescribed conditions are met. In this tutorial, we also aim to shed light on technical sides of blockchain technology such as privacy, security and autonomy which are sensitive to regulations and policies. Many initial coin offerings has been made amassing a large amount of crowd funding. While it is a revolutionary invention, blockchain and cryptocurrency systems are at its infancy stage. In order to foster continued healthy development, it is imperative for us to see the core of the technology and be able to evaluate the short and long term impacts of this technology based on scientific facts. This shall help us avoid any unwanted act of fear and road blocks to development. Regulations should be kept at its minimal. There are obvious ones: price manipulation practices and fraudulent investment operations should be prevented and punished heavily when caught. But more importance should be developing a policy to fostering researches, startups and funding to help uncover new opportunities. Blockchain can be useful in many future applications such as transfer of lands and houses, bank accounts to people in underdeveloped nations, and low cost maintenance of valuable records such as patents and copyrights. If some of them are indeed realizable, blockchain is sure to make the society clearer and more expectable. Protection of rights for underprivileged people can be improved; disputes and conflicts in the society lessened; transaction costs reduced and healthy interaction among people encouraged. Who knows that it shall lead us a step closer to the society of genuine trust!
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
2. Email: kr229@duke.edu
WeChat: rke1191912824
Phone: 18609665920
Linkedin: linkedin.com/in/ke-er-ren-
883129175
Self Introduction
Ke'er Ren is currently a junior student
majoring in political economy with
economics track at Duke Kunshan
University. She has choose courses related
not only to her major, but also other
disciplines. She has a strong interest in
behavior economics and education.
In addition to the academic life, she also
has great passion in sports. She began to
learn softball and squash after entering
DKU and is now one of the co-founders of
DKU Softball Club. In addition, she likes
dancing and she had performed many
dances with other members in DKU Street
Dance Club. Besides, she is also devoted to
student work at DKU. In the sophomore
year, she was the general secretary of the
Student Ambassador Committee and
helped with the work in Office of China
Enrollment Management. Right now she is a
student work in Student Affairs Office and
helps with all kinds of student activities on
campus.
3. Dedicated to Professor Luyao Zhang
for her patience and
encouragements during this course,
for her great attitude in supporting
my challenges,
for teaching me a lot about
macroeconomics.
Dedication and Acknowledgments
Dedication Acknowledgments
Special thanks to CEO Robert
Lauko
for his excellent sharing about his
company.
Special thanks to William Zhao
for his wonderful presentation in
explaining business models of
Liquity.
Special thanks to Yulin Liu
for giving a masterly lecture on
macroeconomic concepts.
Special thanks to my classmates
for all their help during the whole
class.
5. TABLE OF
CONTENTS
Problem Set I: Macroeconomics
Briefings
Problem Set II: Addressing Economic
Growth: An Interdisciplinary Approach
Problem Set III: Simulate Rational
Expectation Theory: Inflation and
Interest Rate
Future Perspective: Decentralized
Monetary Policy
Problem Set IV: Macroeconomics in
Business Practice: a field trip to Liquity
Epilogue
14. •
•
•
•
•
•
Therefore we can conclude that
“the initial variables should not
matter, economy that starts with
poverty will catch-up”. The
change in initial labor level does
not effect the steady state of
economy.
∆ "∗$− − −
&∗ "∗$
15. ◦
◦
Therefore we can conclude that higher
saving rate can lead to higher steady state
per capita capital and income.
16. ◦
◦
Therefore we can conclude that lower
depreciation rate can lead to higher steady
state per capita capital and income.
17. ◦
◦
Therefore we can conclude that lower
population growth can lead to higher steady
state per capita capital and income.
18. • ∆
• "∗ $∗%
• ∆"∗ ∆
We can conclude that when the
technology rate a increases, the
steady state GDP per capita will
also increase.
21. • Increase in interest rate will lead to an increase in price level.
• Increase in monetary supply will lead to an increase in price level.
• Decrease in monetary demand will lead to an increase in price level.
• Increase in price level will lead to an increase in endogenous monetary
supply.
29. Discuss the Limitations of the Rational Expectation Theory
• One limitation of the theory of rational expectations has to do with the
assumption of wage and price flexibility. Under the theory, wages and
prices are assumed to be flexible. However, in reality, they may be
“sticky.” As a consequence, even if expectations are formed rationally,
wages and prices may adjust slowly, which makes the results change not
in the way states in the theory.
• Rational expectations theory cannot explain the prolonged periods of
unemployment that we sometimes experience. If expectations are formed
rationally and if wages and prices are flexible, the deviations from the
equilibrium levels of output and employment should be short-lived.
32. Summarize the Field Trip
• CEO information
Robert Lauko is the founder and CEO of Liquity. Holding a Ph.D. in Law from the University of Zurich, Robert
served as a law clerk at the Swiss Federal Administrative Court and in various other legal roles, before turning
into a Blockchain researcher. In Summer 2017, Robert became the DFINITY Foundation’s first employee in
Switzerland. After working on many layers of their Internet Computer project, including consensus algorithms and
incentive mechanism design, Robert decided to revolutionize decentralized borrowing and founded Liquity.
• Content summary of the field
trip
1.Introduction to Stable coins
2.Efficient liquidation mechanism
3.Price stability
4.Business model
5.The motivations of starting Liquity
6.Q & A
• Company Information
Liquity offers interest-free loans by issuing its own USD-
pegged stable coin LUSD against ETH used as collateral.
The loans only need to maintain a minimum collateralization
ratio 110% because of the novel liquidation mechanism. Price
stability does not rely on variable interest rates or
human intervention, but is achieved through a redemption
mechanism coupled with algorithmically adjusted redemption
and loan issuance fees. The protocol incentivizes front end
operators and early adopters that drive growth while
contributing to system stability.
33. Elaborate Stable Coin in general and indicate why Liquity is a Stable Coin
• Stable coin is a cryptocurrency that has a
stable exchange rate with a certain target.
• Stable coin is not only the electronation of
currency, but also a programmable
cryptocurrency, which is a kind of currency
after the birth of blockchain technology.
• Stable coin was born because the asset
price of digital currency fluctuated too much
compared with legal tender. In order to
reduce the huge risk caused by excessive
fluctuation of digital currency, stable coin was
born accordingly.
• Liquity is a stable coin because it matches
the characteristics above. It is a kind of
Crypto-debt-backed stable coin.
35. Discuss how the concept of Stable Coin relates to monetary policies we
discuss in class and how it differs from traditional monetary policies.
36. Discuss the business model of Liquity
• Liquity is an almost identical
stabilization currency project to
Maker’s, but it solves many of Maker’s
problems, including automated just-in-
time clearing, automatic anchoring of
target prices without manual
governance, and a significant
reduction in collateral rates that can
effectively solve the age-old problem
of underutilization of funds in open
finance.
• Liquity can mortgage Ethereum to
make LQTY, and it can maintain a
safe and stable lending system with a
clearing rate of only 110%. In the
Liquity system, the core contributors
are the third-party front-end
developers and the LQTY providers in
the stability pool.
• Liquity generates economic value by constructing its own Token
economy by three tokens in the system: LQTY token, LUSD token
and Ether. It will charge Issuance fees and redemption fees to
generate its economic revenue.
• Liquity generates social value by providing a more secure and
efficient choice of investment for investors and stimulating the
development of cryptocurrencies as well as the blockchain
technology.
37. Discuss how the experience changed your understanding of macroeconomics
and what's your takeaway for personal and professional growth?
•
•
•
•
•
38. Draw a Lucid Chart Diagram to show the dynamics of how new monetary products are
created to satisfy people's unsatisfied needs.
39. Propose a new research idea on unsatisfied needs that can create economic and social value.
Existing Problems • The trust mechanism of centralized monetary policy is fragile.
• The trust mechanism of cryptocurrency is not fully implemented yet and the stability
mechanism is relatively complicated.
• Blockchains rely solely on cryptography for performance security, which can lead to
operational vulnerability issues.
• There is not a solid credit base The current support for the stability currency is still pegged to
the US dollar, and the value of the US dollar is constantly fluctuating, so it is difficult to
achieve real currency stability.
Research questions How can decentralized monetary policy achieve the goal of security and stability?
Planned methodology Virtual Behavioral experiments among different groups of people.
Possible results One of the possible results is the co-existence of both centralized and decentralized monetary
policies.
Potential intellectual
merits
Using centralized monetary policy as a supplement to decentralized monetary policy.
Government and central banks can give in-time response to risks and mistakes.
Practical impacts People need to find a balance between the pursuit of currency stability and the use of monetary
policy to regulate the economy.
Limitations • The situation is different from countries based on their different policy preferences.
• We are not sure about how much responsibility does the government need to take and
when should government take actions.
Both centralized and
decentralized
monetary policies had
their limitations.
41. Did I really learn these things?
The answer is YES!
In the syllabus…
42. Practice is always
better than reading.
The most efficient
way to understand
new concepts is to
apply them into
reality.
Don’t be afraid of
trying new things.
Python is not as
hard as I thought!
Don’t waste a lot of
time on those things
that can be done by
computers.
Macroeconomics is not only
about boring concepts, graphs
and formulas, but also about
interesting facts and examples.
Elaborate on how this course has changed your understanding of macroeconomics and
your takeaway for personal and professional growth.
Macroeconomics
is not only
connected with
governments and
companies, but
also related to
our daily life.
43. , . , . , ,
. .
.
,, . , .
. , ,
. ,, ,, .
,, .
. , . . ,
Transferable skills
, . .
, . . ,, .
. .
. . . .
, . , .
..
,, . , . .
,, . .
. .
Active listening
Demonstrate the skills you have acquired or improved upon in our course.
Communication Computer skills
Problem-solving Skills Management skills