scholarly journals Digital Yuan – currency or policy tool?

AUC IURIDICA ◽  
2021 ◽  
Vol 67 (3) ◽  
pp. 111-127
Author(s):  
Martin Samek ◽  
Martin Vlasta
Keyword(s):  
Central Bank ◽  
Central Banks ◽  
The Political ◽  
Pilot Program ◽  
Fiat Money ◽  
Policy Tool ◽  
Legal Provisions ◽  
The World ◽  
Legal Policies ◽  
The Way

Central bank digital currencies (CBDCs) are Bitcoin-inspired currencies that combine aspects of virtual currencies with FIAT money. Many central banks and countries around the world are thinking about or planning to introduce some form of CBDC. Among them, China is leading the way, being the first country to issue their CBDC (Digital RMB) into circulation, even if it is yet a pilot program only. This article focuses not only on the Digital RMB and its legal implementation but also on the political, historical, and economic circumstances of its birth, which, when talking about anything related to China, is often crucial to understanding the phenomenon more than the legal provisions themselves. The aim is to deepen the understanding of legal policies in China and open a discussion about the Digital RMB.

scholarly journals Litteratur og politik

2007 ◽  
Vol 35 (104) ◽  
pp. 148-165
Author(s):  
Frederik Tygstrup ◽  
Isak Winkel Holm
Keyword(s):  
The Political ◽  
Form And Function ◽  
Symbolic Forms ◽  
Representational Practices ◽  
The World ◽  
Cultural Poetics ◽  
The Common ◽  
And Function ◽  
The Way

Literature and PoliticsLiterature is political by representing the world. The production of literature is a contribution to a general cultural poetics where images of reality are constructed and circulated. At the same time, the practice of literature is institutionalized in such a way that the form and function of the images of reality it produces are conceived and used in a distinctive way. In this article, we suggest distinguishing between a general cultural poetics and a specific literary poetics by using Ernst Cassirer’s neo-Kantian concept of »symbolic forms«. We argue that according to this view, the political significance of literary representational practices resides in the way they activate a common cultural repertoire of historical symbolic forms while at the same time deviating from the common ways of treating these forms.

scholarly journals O BANCO CENTRAL DO BRASIL COMO AGENTE DAS RELAÇÕES INTERNACIONAIS

2013 ◽  
Vol 2 (4) ◽  
Author(s):  
Mauro Salvo
Keyword(s):  
International Relations ◽  
Central Bank ◽  
International Cooperation ◽  
Financial Economic ◽  
Central Banks ◽  
The Political ◽  
Domestic Institutions ◽  
Political Relations

The paper has the objective to distinguish the Central Bank of Brazil as an agent of the International Relations and to state that its actions, internal or external, have some political connotation due to the impossibility to disconnect the economic from the political. The paper also intends to demonstrate that democratization, globalization and the awareness of the need to increase the transparency of the financial, economic and political relations, besides the increase of the international cooperation, strenghtened both the international and domestic institutions or increased the urge for countries that wish to insert themselves globally to develop strong institutions, among them their respective central banks.

Private Networks and the Public Interest

2016 ◽  
Author(s):  
Simon James Bytheway ◽  
Mark Metzler
Keyword(s):  
New York ◽  
Central Bank ◽  
Public Interest ◽  
Central Banks ◽  
Capital City ◽  
World City ◽  
Capitalist System ◽  
The Public ◽  
The World ◽  
Hierarchical Nature

This concluding chapter examines the hierarchical nature of the markets in capital, which constitute the peak markets of the world capitalist system. It also reconsiders the central-bank connections between Tokyo, London, and New York as vital inner links within a larger set of world-city geographies. In a century of violent changes, these “capital city” geographies have been remarkably persistent. The great Tokyo bubble of 1989–90 was the greatest yet of its kind, but it now seems relatively modest next to the New York and London bubbles of 2007–8. Each of these “capital city” bubbles showed a mix of classic and novel features. Each also revealed, again, the centrality of the central banks themselves.

Casting Light on Central Bank Digital Currency

Cryptoassets ◽  
2019 ◽  
pp. 307-340 ◽  
Author(s):  
Tommaso Mancini-Griffoli ◽  
Maria Soledad Martinez Peria ◽  
Itai Agur ◽  
Anil Ari ◽  
John Kiff ◽  
...  
Keyword(s):  
Central Bank ◽  
Financial Stability ◽  
Central Banks ◽  
End User ◽  
Staff Members ◽  
Fiat Money ◽  
Digital Currency ◽  
Policy Goals ◽  
Simple Question ◽  
Monetary Policy Effectiveness

Several central banks have begun actively investigating the possibility of issuing central bank digital currency (CBDC). This new central bank liability would be a widely accessible digital form of fiat money, intended as legal tender. This chapter aims to answer a simple question: Does CBDC offer benefits? On the demand side, would it satisfy end user needs better than other forms of money? And on the supply side, would issuing CBDC allow central banks to more effectively satisfy public policy goals, including financial inclusion, operational efficiency, financial stability, monetary policy effectiveness, and financial integrity? In short, is CBDC a desirable form of money given existing and rapidly evolving alternatives? The chapter includes a summary of pilot projects and studies from central banks exploring the possibility of issuing CBDC. The analysis is based on publicly issued materials and discussions with staff members at central banks and technology providers around the world.

scholarly journals The Relationship Between Authority and Authenticity in the Laozi: Employing Wu無 as a Philosophical Framework

Religions ◽  
2019 ◽  
Vol 10 (2) ◽  
pp. 79
Author(s):  
Sharon Y. Small
Keyword(s):  
The Political ◽  
Political Aspect ◽  
The People ◽  
The World ◽  
Philosophical Framework ◽  
Generative Processes ◽  
The Relationship ◽  
The Way

Wu 無 is one of the most prominent terms in Ancient Daoist philosophy, and perhaps the only term to appear more than Dao in both the Laozi and the Zhuangzi. However, unlike Dao, wu is generally used as an adjective modifying or describing nouns such as “names”, “desires”, “knowledge”, “action”, and so forth. Whereas Dao serves as the utmost principle in both generation and practice, wu becomes one of the central methods to achieve or emulate this ideal. As a term of negation, wu usually indicates the absence of something, as seen in its relation to the term you 有—”to have” or “presence”. From the perspective of generative processes, wu functions as an undefined and undifferentiated cosmic situation from which no beginning can begin but everything can emerge. In the political aspect, wu defines, or rather un-defines the actions (non-coercive action, wuwei 無為) that the utmost authority exerts to allow the utmost simplicity and “authenticity” (the zi 自 constructions) of the people. In this paper, I suggest an understanding of wu as a philosophical framework that places Pre-Qin Daoist thought as a system that both promotes our understanding of the way the world works and offers solutions to particular problems. Wu then is simultaneously metaphysical and concrete, general, and particular. It is what allows the world, the society, and the person to flourish on their own terms.

The Empire Strikes Back: How Right-Wing Nationalists Tried to Recapture Russian Literature

1996 ◽  
Vol 24 (4) ◽  
pp. 601-624 ◽  
Author(s):  
Kathleen Parthe
Keyword(s):  
Russian Literature ◽  
The Political ◽  
Right Wing ◽  
Thought Process ◽  
The World ◽  
Political Spectrum ◽  
The Way

This article attempts to reconstruct the khod myshleniia (thought process) of the ultra-nationalist, ultra-conservative camp, not just because it is interesting in and of itself but also because of the way that some of their ideas, concerns, and ways of seeing Russia and the world are shared by a growing number of people in the middle of the political spectrum. The extremists' ideas about russifikatsiia may not spread very far, but russkost' is a powerful and attractive concept.

scholarly journals Reading Schmitt from the Sea: Tracing Constitutive Outsiders and Displacing the Conceptual Order (and Ordering) of the Political

Dados ◽  
2020 ◽  
Vol 63 (4) ◽  
Author(s):  
Roberto Vilchez Yamato
Keyword(s):  
Political Organization ◽  
The Political ◽  
Political Imagination ◽  
The World ◽  
Limit Position ◽  
Forms Of Violence ◽  
Conceptual Language ◽  
Strategy I ◽  
The Way

ABSTRACT In this article, I offer a displacement of Carl Schmitt’s metaphysical image of a specific epoch and the way it forges a particular construction of the planet, which reveals architectonic traces of a normative framing which authorizes and legitimizes, a specific way of conceiving the appropriate form of the political organization of the world. Inspired by Jacques Derrida’s work, I displace Schmitt’s traditional friend/enemy dualism towards the sea and the conceptual (post) structural limit-position of the pirate. Adopting a Derridean, deconstructionist strategy, I question the way Schmitt conceptually (self-) authorizes his conceptual order (and ordering), identifying some spaces, actions, and categories of subjects as unpolitical . Negatively, I argue, these non- political constructions, these constitutive outsiders , conceptually authorize the line which enables the conditions for conceptualizing and identifying the political. In reading Schmitt from the sea, I invite the reader to reimagine the boundaries of our cartographical political imagination, the limits of our normative conceptual language, and the ways in which the legitimation of exceptional forms of violence may be conceptually articulated, authorized, and legitimized.

scholarly journals Evil, Feminism, and a Philosophy of Transformation

2018 ◽  
Author(s):  
Beverley Clack
Keyword(s):  
Problem Of Evil ◽  
The Self ◽  
Ethical Framework ◽  
The Political ◽  
Social Suffering ◽  
Human Flourishing ◽  
Muriel Spark ◽  
The World ◽  
The Problem Of Evil ◽  
The Way

Rather than offering another ‘solution’ to the problem of evil, in the form of, say, a theodicy, the discussion of this chapter is situated within an ethical framework concerned with unmasking the enactment and perpetuation of ‘structural evils’ on the political and social levels. Indebted to the insights of feminist philosophers such as Michèle Le Doeuff, but also Hannah Arendt’s analysis of evil, the novelist Muriel Spark, and Pierre Bourdieu’s work on social suffering, the chapter seeks, not to justify the ways of God, but to critique and transform unjust structures, and to pave the way for alternatives that might best support human flourishing. This necessitates attempting to identify and understand the sources of human wickedness—social and individual—while contending that, ultimately, the only appropriate response to evil and suffering is to commit to a reorientation of the self towards others and the world.

scholarly journals Federal System and Direct Democracy in Switzerland

2021 ◽  
Vol 1 (3) ◽  
pp. 91-101
Author(s):  
Miroslaw Matyja
Keyword(s):  
Direct Democracy ◽  
Political System ◽  
The Political ◽  
Federal System ◽  
Federal Constitution ◽  
Unique System ◽  
The World ◽  
The Way

The main aim of this work is to present and analyze the structure and the way of operating of the Swiss instruments of direct democracy, as well as its significance for the country’s development. The Swiss example is the best case of functioning democracy in the world. Throughout the centuries, the Swiss political system has evolved into a mature and efficient democracy. The process of its improvement is still going on. Today, the political system of Switzerland can be described as parliamentary-cantonal. In 1848, the country adopted the Federal Constitution and a system based on referenda, while local issues, such as taxes, judiciary, schooling, police, and welfare were left to the cantons. In 1874, the document was amended and the optional referendum was introduced. In 1891, another amendment cemented the unique system by rooting in strongly in direct democracy. The current constitution of Switzerland was adopted by the majority of voter through a referendum that took place in 1999.

scholarly journals The Role Of Turkish Central Bank During And After The 2008-Financial Crises

2011 ◽  
Vol 10 (12) ◽  
pp. 93
Author(s):  
Ayhan Guney
Keyword(s):  
Central Bank ◽  
Financial Crises ◽  
Central Banks ◽  
Fiscal Policies ◽  
Monetary Policies ◽  
The World ◽  
One Year ◽  
Short Time ◽  
Time Spread

The Global Financial Crises occurred at the end of 2008, and in very short time, spread to all sectors of economy.All countries were badly hit by the crises and the World economies shrank almost $50 trillion, the equivalent of one year of world GDP.During the process, especially the banking sectors of the world economies was smashed, and many banks and financial institutions bankrupted and some others liquidated such as Lehman Brothers. All countries took the drastic fiscal and monetary measures to overcome the global crises. So, this paper focuses on the functions of central banks asking that what the role of central banks to cope with the global crises was, and thus omits the side of fiscal policies implemented by different countries.It especially discusses the role of Turkish Central Bank and its monetary policies during and after the 2008-Global Financial Crises. What was the achievement of the measures taken and the monetary policies implemented by Turkish Central Bank during and after the financial crises?

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