In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of stra...In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of strategic leverage.This move should have reduced the appeal of US dollar assets but in reality has not accelerated as expected the decline of the greenback as a store of value.The US dollar's share of global forex reserves increased instead of decreased during 2022 and 2023.Despite the rise of economic costs caused by tightened US financial sanctions,countries that recognize the geopolitical role of the United States have further accepted the dollar's international status;their continued willingness to live with the dollar's“security premium”has given a fillip to the US dollar in the short term,boosting its appeal as a reserve currency.Meanwhile,de-dollarization of forex reserves has yet to reach a sufficient scale,thus falling short of significantly challenging the dollar's reign.From a longer-term perspective,as economic and security conditions shift,countries that accept the dollar's international role or seek de-dollarization may change their choices.As a result,four possible scenarios may arise:(i)the preeminence of the US dollar remains unthreatened;(ii)the international monetary system splits into blocs;(iii)the international monetary system fragments;and(iv)the dollar loses its throne.The author believes that the last scenario is the most likely outcome.展开更多
“When a country prospers,sports thrive.”Building a strong sports country is an important connotation of realizing the great rejuvenation of the Chinese nation and building a moderately prosperous society in all resp...“When a country prospers,sports thrive.”Building a strong sports country is an important connotation of realizing the great rejuvenation of the Chinese nation and building a moderately prosperous society in all respects.Actively engaging in sports diplomacy from the perspective of soft power can expand a country’s international influence,promote friendly cooperation between nations,and enhance the overall image of the country.This article analyzes the concepts of soft power and sports diplomacy and explores the path of China’s sports diplomacy from four aspects:promoting diverse subjects,expanding propaganda channels,optimizing underlying design,and actively participating in competitions.展开更多
Cyclical fluctuations in asset prices are closely related to the overall stability of the macroeconomy and have thus become a significant topic in academic and professional exploration.Among these fluctuations,changes...Cyclical fluctuations in asset prices are closely related to the overall stability of the macroeconomy and have thus become a significant topic in academic and professional exploration.Among these fluctuations,changes in the supply of the U.S.dollar,the global reserve,and primary settlement currency have a broad and far-reaching impact on international financial markets.Since COVID-19,asset prices across various countries have shown differing trends due to fluctuations in the U.S.dollar supply.Housing prices,a key focus in asset pricing research,have been affected to varying degrees.This thesis utilizes seven house price indices from representative cities worldwide from 2020 to 2023 to compare the differential impacts across various countries using an empirical approach.The results indicate that the impact of the U.S.dollar money supply(M2)diminishes in a gradient from the U.S.to East Asia,and then to Europe.展开更多
Exchange rate volatility or its stability is a key determinant of the state of a country’s economy. The Ghana cedi’s performance against the US dollar in recent times has been the worse in the past decade. This has ...Exchange rate volatility or its stability is a key determinant of the state of a country’s economy. The Ghana cedi’s performance against the US dollar in recent times has been the worse in the past decade. This has resulted in high inflation, high cost of living and high cost of production in Ghana. Despite the recent economic recovery growth, the cedi continues to strife in high rate of exchange against the dollar. This study examines and models a trend, and makes predictions of future rates of the cedis against the US dollar. Methodology: The study used a 13-year data of exchange rates of Ghana cedi and the US dollar spanning from 2010 to mid-2023 from the Bank of Ghana’s economic data on exchange rates, Ghana Stock Exchange and the World Bank. The ARIMA and SARIMA models were used to model the trends and for forecasting, taking into the consideration the asymmetric and seasonal effect of the data. Results: The outputs show that, the Ghana cedi will continue to rise but steadily against the US dollar for the remaining months of 2023 except in December, and continue to decline afterwards through into 2024. Conclusion: The cedi continues to weaken in value and the strength of its purchasing power. A weaker currency depicts a “junk” economy which affects its foreign investment. As the US dollar continues to rise, the Government and policy makers must implement effective policies to stabilize its rise against the cedi. Export of commodities must increase in addition to import restrictions to balance trade deficit and to strengthen the Ghana Cedi.展开更多
The U.S.dollar has long stood tall as the pre-eminent global currency for international cross-border trade settlements and foreign exchange reserves ever since the launch of the Bretton Woods institutions-Internationa...The U.S.dollar has long stood tall as the pre-eminent global currency for international cross-border trade settlements and foreign exchange reserves ever since the launch of the Bretton Woods institutions-International Monetary Fund(IMF)and World Bank(WB).展开更多
In recent years,China’s public diplomacy has flourished,with literary exchanges and external communication undoubtedly becoming an essential part.Particularly with the progress of Chinese technology,science fiction l...In recent years,China’s public diplomacy has flourished,with literary exchanges and external communication undoubtedly becoming an essential part.Particularly with the progress of Chinese technology,science fiction literature has become a focal point both domestically and internationally.This paper investigates the background of the Chinese science fiction literature’s national characteristics,the manifestation of these characteristics in works,and the advantages of communication from three aspects.It also explores new ideas for the external communication of Chinese science fiction literature from the perspective of public diplomacy,inspiring new pathways for the integration of Chinese culture with the world,and telling Chinese stories to the world.展开更多
The study examines the rise of China’s strong and distinctive“Wolf Warrior Diplomacy”,which has gained popularity in recent years.This research attempts to offer a thorough knowledge of the causes,motivators,and es...The study examines the rise of China’s strong and distinctive“Wolf Warrior Diplomacy”,which has gained popularity in recent years.This research attempts to offer a thorough knowledge of the causes,motivators,and essential traits of China’s new global diplomatic strategy.The research aims to provide light on the motivations and goals driving Wolf Warrior Diplomacy by a thorough investigation of historical events,official statements,and media representations.The study uses a mixed-methods approach and includes case studies of significant diplomatic incidents involving Chinese officials as well as qualitative content analysis.The research tries to discover patterns of behavior and evaluate their impact on international relations by looking at the language and strategies employed by China’s diplomatic officials.China’s Wolf Warrior Diplomacy addresses domestic political climate,world power dynamics,and national interests using authoritative language,nationalism,and media participation,influencing global community reactions.Chinese international relations’Wolf Warrior Diplomacy provides insightful information for decision-makers,academics,and practitioners,encouraging civil discourse and international cooperation in an aggressive age.展开更多
China,under the guidance of Xi Jinping Thought on Diplomacy,is making all-round efforts to pursue major-country diplomacy with Chinese characteristics and has achieved a series of historical achievements.Major-country...China,under the guidance of Xi Jinping Thought on Diplomacy,is making all-round efforts to pursue major-country diplomacy with Chinese characteristics and has achieved a series of historical achievements.Major-country diplomacy with Chinese characteristics significantly diverges from conventional Western major-country diplomacy.It is characterized by a vision that prioritizes national rejuvenation,aims to advance human civilizations,emphasizes the establishment of a new type of international relations,and strives for the building of a human community with a shared future.展开更多
According to the historical records of prehistoric civilisation in China and the existing theories of prehistoric history within the academic community,it can be inferred that all human civilisations on Earth have the...According to the historical records of prehistoric civilisation in China and the existing theories of prehistoric history within the academic community,it can be inferred that all human civilisations on Earth have their origins in the period following the Great Flood,during which human civilisation was rebuilt.Furthermore,there are notable parallels between the figure of“Nuwa”in Chinese prehistoric civilisation and that of“Noah”in Western accounts.By treating the prehistoric flood event as a research approach in historical compilation,scholars can extract valuable insights into“building a community of a shared future for mankind”and use it as a symbol of global diplomatic relations.This approach can foster common values of mutual learning and exchange among nations,ultimately creating a more promising future for developing a new form of human civilisation.展开更多
If I had a million dollars,I would study abroad to major in English and management.After completing my studies,I would return to work in my motherland.I would work hard and try my best to make more contributions to so...If I had a million dollars,I would study abroad to major in English and management.After completing my studies,I would return to work in my motherland.I would work hard and try my best to make more contributions to society.My good friends Mike,David and Mary may have their own ideas.展开更多
文摘In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of strategic leverage.This move should have reduced the appeal of US dollar assets but in reality has not accelerated as expected the decline of the greenback as a store of value.The US dollar's share of global forex reserves increased instead of decreased during 2022 and 2023.Despite the rise of economic costs caused by tightened US financial sanctions,countries that recognize the geopolitical role of the United States have further accepted the dollar's international status;their continued willingness to live with the dollar's“security premium”has given a fillip to the US dollar in the short term,boosting its appeal as a reserve currency.Meanwhile,de-dollarization of forex reserves has yet to reach a sufficient scale,thus falling short of significantly challenging the dollar's reign.From a longer-term perspective,as economic and security conditions shift,countries that accept the dollar's international role or seek de-dollarization may change their choices.As a result,four possible scenarios may arise:(i)the preeminence of the US dollar remains unthreatened;(ii)the international monetary system splits into blocs;(iii)the international monetary system fragments;and(iv)the dollar loses its throne.The author believes that the last scenario is the most likely outcome.
文摘“When a country prospers,sports thrive.”Building a strong sports country is an important connotation of realizing the great rejuvenation of the Chinese nation and building a moderately prosperous society in all respects.Actively engaging in sports diplomacy from the perspective of soft power can expand a country’s international influence,promote friendly cooperation between nations,and enhance the overall image of the country.This article analyzes the concepts of soft power and sports diplomacy and explores the path of China’s sports diplomacy from four aspects:promoting diverse subjects,expanding propaganda channels,optimizing underlying design,and actively participating in competitions.
文摘Cyclical fluctuations in asset prices are closely related to the overall stability of the macroeconomy and have thus become a significant topic in academic and professional exploration.Among these fluctuations,changes in the supply of the U.S.dollar,the global reserve,and primary settlement currency have a broad and far-reaching impact on international financial markets.Since COVID-19,asset prices across various countries have shown differing trends due to fluctuations in the U.S.dollar supply.Housing prices,a key focus in asset pricing research,have been affected to varying degrees.This thesis utilizes seven house price indices from representative cities worldwide from 2020 to 2023 to compare the differential impacts across various countries using an empirical approach.The results indicate that the impact of the U.S.dollar money supply(M2)diminishes in a gradient from the U.S.to East Asia,and then to Europe.
文摘Exchange rate volatility or its stability is a key determinant of the state of a country’s economy. The Ghana cedi’s performance against the US dollar in recent times has been the worse in the past decade. This has resulted in high inflation, high cost of living and high cost of production in Ghana. Despite the recent economic recovery growth, the cedi continues to strife in high rate of exchange against the dollar. This study examines and models a trend, and makes predictions of future rates of the cedis against the US dollar. Methodology: The study used a 13-year data of exchange rates of Ghana cedi and the US dollar spanning from 2010 to mid-2023 from the Bank of Ghana’s economic data on exchange rates, Ghana Stock Exchange and the World Bank. The ARIMA and SARIMA models were used to model the trends and for forecasting, taking into the consideration the asymmetric and seasonal effect of the data. Results: The outputs show that, the Ghana cedi will continue to rise but steadily against the US dollar for the remaining months of 2023 except in December, and continue to decline afterwards through into 2024. Conclusion: The cedi continues to weaken in value and the strength of its purchasing power. A weaker currency depicts a “junk” economy which affects its foreign investment. As the US dollar continues to rise, the Government and policy makers must implement effective policies to stabilize its rise against the cedi. Export of commodities must increase in addition to import restrictions to balance trade deficit and to strengthen the Ghana Cedi.
文摘The U.S.dollar has long stood tall as the pre-eminent global currency for international cross-border trade settlements and foreign exchange reserves ever since the launch of the Bretton Woods institutions-International Monetary Fund(IMF)and World Bank(WB).
基金supported by the foundation of SFLEP National University Foreign Language Teaching Research Project(No.2019SH0039B)and Hebei Provincial Social Science Foundation(No.HB19WW007).
文摘In recent years,China’s public diplomacy has flourished,with literary exchanges and external communication undoubtedly becoming an essential part.Particularly with the progress of Chinese technology,science fiction literature has become a focal point both domestically and internationally.This paper investigates the background of the Chinese science fiction literature’s national characteristics,the manifestation of these characteristics in works,and the advantages of communication from three aspects.It also explores new ideas for the external communication of Chinese science fiction literature from the perspective of public diplomacy,inspiring new pathways for the integration of Chinese culture with the world,and telling Chinese stories to the world.
文摘The study examines the rise of China’s strong and distinctive“Wolf Warrior Diplomacy”,which has gained popularity in recent years.This research attempts to offer a thorough knowledge of the causes,motivators,and essential traits of China’s new global diplomatic strategy.The research aims to provide light on the motivations and goals driving Wolf Warrior Diplomacy by a thorough investigation of historical events,official statements,and media representations.The study uses a mixed-methods approach and includes case studies of significant diplomatic incidents involving Chinese officials as well as qualitative content analysis.The research tries to discover patterns of behavior and evaluate their impact on international relations by looking at the language and strategies employed by China’s diplomatic officials.China’s Wolf Warrior Diplomacy addresses domestic political climate,world power dynamics,and national interests using authoritative language,nationalism,and media participation,influencing global community reactions.Chinese international relations’Wolf Warrior Diplomacy provides insightful information for decision-makers,academics,and practitioners,encouraging civil discourse and international cooperation in an aggressive age.
基金This paper is a phased achievement of the subject“Research on Inter-civilizational Exchanges in the Context of Building a human community with a shared future”(21CKS049),a project of the National Social Science Foundation of China。
文摘China,under the guidance of Xi Jinping Thought on Diplomacy,is making all-round efforts to pursue major-country diplomacy with Chinese characteristics and has achieved a series of historical achievements.Major-country diplomacy with Chinese characteristics significantly diverges from conventional Western major-country diplomacy.It is characterized by a vision that prioritizes national rejuvenation,aims to advance human civilizations,emphasizes the establishment of a new type of international relations,and strives for the building of a human community with a shared future.
文摘According to the historical records of prehistoric civilisation in China and the existing theories of prehistoric history within the academic community,it can be inferred that all human civilisations on Earth have their origins in the period following the Great Flood,during which human civilisation was rebuilt.Furthermore,there are notable parallels between the figure of“Nuwa”in Chinese prehistoric civilisation and that of“Noah”in Western accounts.By treating the prehistoric flood event as a research approach in historical compilation,scholars can extract valuable insights into“building a community of a shared future for mankind”and use it as a symbol of global diplomatic relations.This approach can foster common values of mutual learning and exchange among nations,ultimately creating a more promising future for developing a new form of human civilisation.
文摘If I had a million dollars,I would study abroad to major in English and management.After completing my studies,I would return to work in my motherland.I would work hard and try my best to make more contributions to society.My good friends Mike,David and Mary may have their own ideas.