submitted by Shares_RSS to Economics [link] [comments]
China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis（中国债务/GDP 占比图）
Ah, but maybe you want to look around a bit and see how China’s total debt is compared with other economies, like this?
submitted by CoinBundle to coinbundle [link] [comments]
With the seemingly endless amount of coins entering the market each year, we are beginning to see various categories of digital assets emerge. One of these classifications of coins is known as stablecoins, and although you may see it as ironic that a cryptocurrency is labeled as being “stable,” that’s actually exactly what they are known for. Stablecoins make up a unique category of coins in the market that are poised to bring stability and trust back into the cryptocurrency market. With that being said, let’s go over what stablecoins are and why they are so important for the development of the cryptocurrency industry as a whole.
This is not financial investment advice. This article will touch upon key aspects of what stablecoins are and why they can help the growth of the crypto industry.
TerminologyBlockchain: The easiest way to understand blockchain is to think of it as a fully transparent and continuously updated record of the exchange of information through a network of personal computers, a system which nobody fully owns. This makes it decentralized and extremely difficult for anyone to single-handedly hack or corrupt the system, pretty much guaranteeing full validity and trust in each exchange of information.
Volatility: The rate at which the price of a security increases or decreases for a given set of returns. Volatility is measured by calculating the standard deviation of the annualized returns over a given period of time. It shows the range to which the price of a security may increase or decrease.
Fiat: Currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made.
Decentralization: Essentially, if something is centralized, there’s a single point that does all of the work involved in any given action. On the flip side, if something is decentralized, there are multiple points that do the work.
Familiarize yourself with these key terms in order to better understand what stablecoins are.
What Are Stablecoins?To put it simply, stablecoins are cryptocurrencies that are pegged or backed by some other asset. Some forms of stablecoins are tied to assets such as the dollar or a commodity like a bar of gold or a barrel of oil. Other forms of stablecoins are backed by cryptocurrencies, or even exist as self-correcting, algorithmically-controlled systems. Essentially, stablecoins hold the promise of a half-step between traditional assets and crypto assets, taking the best from both worlds while resulting in a much more accessible and efficient form of finance.
The concept of having a stablecoin of stable currency isn’t new, as governments have been considering the implementation of this idea for quite some time now. National governments have the same motivation as crypto economies to deal in stable assets, as volatility in any kind of currency scheme can lead to wild speculation and boom and bust values. Historically, there have been a few different ways of implementing currency pegs at the national scale. Some countries just start using another country’s currency in lieu of their own as legal tender. Other governments have decided to set a fixed peg, while others determine an acceptable range and let their currency float within a range in relation to the peg.
Even within the cryptocurrency world, people have been experimenting, with mixed results, with stablecoin design and setup. Tether is one of the most prominent stablecoins, which is a blockchain-based cryptocurrency whose coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
Stablecoins are cryptocurrencies that are backed by another asset, such as fiat money or another algorithmically-controlled system. This keeps the value of that coins stable and lowers the threat of high volatility.
How Can They Impact The Crypto industry?By definition, stablecoins are inherently different than the rest of the cryptocurrencies in the industry, as their value is determined and derived differently. With all the criticism and skepticism surrounding the industry today, many people have pointed to stablecoins as being one of the biggest proponents in legitimizing the cryptocurrency market as a viable asset class.
Stablecoins could quickly become the universally accepted, international currency of the future. They have the potential to empower everyone to take part in an evolving crypto-economy, without compromising security and freedom. If implemented at scale, they are poised to become a foundational component of the next-generation economy. One of the biggest attacks against the cryptocurrency market is that the coins are too volatile and that they have no safe backing. Stablecoins solve both of those issues while still serving as a digital asset that can perpetuate excitement for the market as a whole.
Stablecoins solve the issue of volatility and lack of inherent value by having an actual asset which determines its value. At this point, they can serve as mediums of payment and monetary value while maintaining a stable price.
ConclusionSure, the cryptocurrency market may be filled with coins that are highly volatile and may not have the backing of inherently valuable assets, but what if there were coins that could satisfy all of these points? Well, with stablecoins, all of these issues are solved and the possibility of using these coins as mediums of payments becomes real. Imagine having the ability to use a cryptocurrency that is essentially valued the same as other widely-used assets like fiat money, oil, or even gold? The digital asset economy is quickly revolutionizing the world, so keep an eye out for this category of cryptocurrencies to one day become the future of the industry.
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TOKYO The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.
The dollar was boosted as long-term Treasury yields soared to multi-week highs after Mnuchin reiterated his view in an interview with Bloomberg, saying the government issuing debt exceeding 30-years in maturity "Can absolutely make sense."
"The dollar is moving in tandem with Treasury yields, which saw its benchmark rise above the 2.3 percent threshold with Mnuchin seemingly very enthusiastic about issuing so-called ultra long-term bonds," said Yukio Ishizaki, senior currency strategist at Daiwa Securities.
The jump in U.S. debt yields helped the dollar brush off negative pressure from downbeat data.
The euro traded at 122.00 yen after touching a 1-1/2-month high of 122.150.
The Australian dollar was a shade higher at $0.7532, drawing support from a bounce in iron ore prices.
LONDON Beset by political worries, the euro was set for its biggest daily fall of 2017 on Tuesday as broad gains halted a four-week run lower in the U.S. dollar.
Both represent large risks to the euro project as a whole and the cost of hedging volatility in the single currency against the dollar around the time of the final French vote on May 7 EUR3MO= rose to its highest in over a week.
The dollar, recovering from its worst start to a year in three decades, gained against a basket of other currencies, rising 0.7 percent.
"The euro is on the defensive, with markets nervous not only about European political risks but also the upcoming reduction in ECB bond purchases," said Jeremy Stretch, head of currency strategy at CIBC. "All in all it's been a virtuous tailwind for the U.S. dollar this morning and there is also fear of capital flight which is feeding safe-haven flows."
The Japanese yen gave up earlier gains against the dollar and at 0900 GMT was down 0.4 percent at 112.12 yen to the dollar JPY=EBS. But the yen's relative outperformance compared to the euro underlined the perceived risks to the dollar from U.S. trade policy and signs the Trump White House would rather it did not gain further.
"Until we have answers to some of the big questions I can't see any free space for dollar bulls to run into. They are fearful of what the administration is prepared to do to actually keep a lid on the dollar."
EUR JPY (Euro / Japanese Yen) The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the ... Forex - Dollar Pulls Back vs Yen, Euro on PMIs. Forex Feb 21, 2020 03:34AM ET. Saved. See Saved Items. This article has already been saved in your Saved Items . By Geoffrey Smith . Investing.com ... Forex - Yen soars vs. dollar, pound and euro on U.S. data. Forex Feb 23, 2010 11:12AM ET. Saved. See Saved Items. This article has already been saved in your Saved Items . Investing.com - The yen ... Euro vs Yen (EURJPY) share price, charts, trades & the UK's most popular discussion forums. Free forex prices, toplists, indices and lots more. Free forex prices, toplists, indices and lots more. 08/09/2020 15:47:09 +44 (0) 203 8794 460 Free Membership Login The yen JPY=D3, which had become a favored safe-haven, suffered its biggest loss against the U.S. dollar since March, with the greenback rising as much as 2.2%.So-called "risk-on" currencies, such ... Handeln Sie Euro vs Japanischer Yen auf Forex. Erhalten Sie von InstaForex Zugriff auf Analysen, Testberichte und EURJPY Online-Diagramme. EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). Euro vs Yen (EURJPY) share price, charts, trades & the UK's most popular discussion forums. Free forex prices, toplists, indices and lots more. EURJPY (Euro vs Japanese Yen). Exchange rate and online charts. Make a deposit Money withdrawal Open trading account Open demo account ; NZDUSD Return to the list of instruments EURCHF. Currency converter. Euro vs Japanese Yen. 124.09 10 Nov 2020 04:40. Price Change (% chg)-0.01 (-0.01%) Prev Close . Prev Close Closing price, the previous day. 124.43 . Open . Open Opening price. 122.7 . Day's ... Der aktuelle Euro/Japanischer Yen Kurs EUR/JPY - Währunsgrechner für den Wechselkurs von Euro in Japanischer Yen.
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How to trade Forex: Pound vs. Yen This signal was sent to Team FXG on August 19th 2019 Visit www.forexgentleman.com to join for free with a 7 day free trial! Top 11 Currencies VS PKR Forex Exchange Rate Today. 1 - China Yuan To PKR CNY to PKR 2 - Euro To PKR EUR to PKR 3 - Hong Kong Dollar To PKR HKD to PKR 4 - Indian Rupee To PKR INR to PKR 5 ... 1967 Shelby GT500 Barn Find and Appraisal That Buyer Uses To Pay Widow - Price Revealed - Duration: 22:15. Jerry Heasley Recommended for you How to trade Forex: Euro vs. Japanese Yen This signal was sent to Team FXG on Feb 12th 2018 Visit www.forexgentleman.com to join for free with a 7 day free t... How to trade Forex: US Dollar vs. Japanese Yen This signal was sent to Team FXG on February 18th 2019 Visit www.forexgentleman.com to join for free with a 7 day free trial! The euro, meanwhile, remains under pressure after a week of generally poor economic data, which were followed on Thursday by comments from European Central Bank governing council member Olli Rehn ... How to trade Forex: Euro vs. Yen This signal was sent to Team FXG on March 19th 2019 Visit www.forexgentleman.com to join for free with a 7 day free trial! The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must ... #JPY #JapaneseYen #Yen #TradingPairs #Currency #Forex JPY Japanese Yen vs 21 Forex Trading Currency Pairs This racing chart represents the search interest of the JPY - Japanese Yen Currency Pairs...