Impacts Of Science And Technology On Currency Internationalization
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A01=Peter Guangping Zhang
Author_Peter Guangping Zhang
Category=KCBM
Category=KFF
Category=PDR
Currency Internationalization
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
eq_science
International Patents
International Reserves
Major Currency Issuers
Offshore CNY Centers
Offshore CNY Markets
Science and Technology Internationalization
Science and Technology Originality Capability
Product details
- ISBN 9789811254086
- Publication Date: 07 Mar 2023
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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For decades, science and technology (sci-tech) have influenced world trade, world economy, and international finance. However, their specific impacts are seldom known and related empirical studies are rare. Thus, we must quantify and empirically explore how sci-tech influences such areas as mentioned above. The purpose of this book is to explore how sci-tech influences world trade, foreign exchange, and currency internationalization in various ways through first quantifying science & technology. This book empirically explores how major world currencies might change their relative international positions with continuous innovation and diffusion of sci-tech.Currency internationalization is measured by the percentage share of the average daily turnover of a particular currency in the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market over the corresponding overall daily turnover of the global foreign exchange market. Sci-tech as a commodity is borderless, yet its inventors and related businesses are bound by the intellectual property laws of their own countries. Patents, especially international patents, are useful representations of sci-tech. They cannot be compared directly because of different criteria of patent regulators worldwide, and thus the quality of patents varies across patent regulators. Based on patent data from annual IP 5 Statistics Reports and charges for the use of IP of major currency issuers released by the WTO, this book quantifies sci-tech internationalization using weighted patent families first, and proceeds to study how sci-tech internationalization affects currency internationalization.
