2022 Fiscal Year Final Research Report
The international politics of currency internationalization
Project/Area Number |
20K01498
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Research Category |
Grant-in-Aid for Scientific Research (C)
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Allocation Type | Multi-year Fund |
Section | 一般 |
Review Section |
Basic Section 06020:International relations-related
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Research Institution | National Graduate Institute for Policy Studies |
Principal Investigator |
CHEY Hyoung kyu 政策研究大学院大学, 政策研究科, 教授 (20626999)
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Project Period (FY) |
2020-04-01 – 2023-03-31
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Keywords | international currency / international money / renminbi / RMB / yuan / cryptocurrency |
Outline of Final Research Achievements |
This research project has made several significant achievements that contribute to the political economy literature on international currencies. In greater detail, I have conducted in-depth research on how foreign states have responded to the internationalization of the Chinese renminbi, thereby breaking new ground in studying the international politics of currency internationalization. I have developed the novel original theoretical concept of reactive currency statecraft for that analysis, and revealed that foreign states have deliberately utilized their policies related to renminbi internationalization as means of pursuing their own foreign policy goals associated with China. Furthermore, I have expanded this research project to address the political economy surrounding cryptocurrencies, while calling for greater engagement of international political economy scholarship in analyzing cryptocurrencies as money.
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Free Research Field |
International political economy
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Academic Significance and Societal Importance of the Research Achievements |
The outcomes of this research project have significantly advanced the study of the international politics surrounding internationalization of the Chinse renminbi, and have also contributed to the development of international political economy research on cryptocurrencies as money.
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