The influence of fictitious economy on currency
Publish: 2021-04-17 20:55:17
1. This question can be used as a topic to write a complete report. As far as the simple question of network knowledge is concerned, it can be divided into two aspects. The first aspect is the exchange of RMB into virtual currency. Subjective judgment is that it can. If there is no impact, Tencent will not be so easy to make huge profits. If we analyze GDP, it will not pose a threat to the real economy in a short time. The second aspect is the exchange of virtual currency into RMB, which is an extremely serious issue. Then from the micro perspective, in the future, the virtual economy will develop faster, and the network will not only be a platform for real economy promotion, but also become a perfect self-protection economy. In other words, the threat and impact will be great and more unavoidable. Macroscopically, it is a microcosm of society. The long economic reform will pave the way for future economic collision.
2. For example, QQ currency and silver in online games are all virtual currencies. Often real money can be directly converted into virtual money. Although virtual money can not be directly converted into real money, it can still be converted into real money through private transactions of netizens
currency is issued by the state, but virtual currency is issued by indivial operators, and there is no relevant laws and regulations to limit its circulation. When this kind of virtual currency issued for the commercial interests of operators and real currency exchange circulation is more and more frequent, more and more widely, and partially replace the real currency to buy goods or services in the market, it is equal to increasing the real money supply
at present, virtual currency is becoming more and more prosperous. Some virtual currencies have evolved into the characteristics of general currency, such as value scale, means of circulation and means of payment. Therefore, it is easy to have an impact on general currency in reality, thus affecting the normal financial order.
currency is issued by the state, but virtual currency is issued by indivial operators, and there is no relevant laws and regulations to limit its circulation. When this kind of virtual currency issued for the commercial interests of operators and real currency exchange circulation is more and more frequent, more and more widely, and partially replace the real currency to buy goods or services in the market, it is equal to increasing the real money supply
at present, virtual currency is becoming more and more prosperous. Some virtual currencies have evolved into the characteristics of general currency, such as value scale, means of circulation and means of payment. Therefore, it is easy to have an impact on general currency in reality, thus affecting the normal financial order.
3. If virtual currency and traditional currency can be exchanged freely, it will inevitably impact the traditional economy. Including but not limited to money laundering, monetary policy implementation and regulation.
4. It should have an impact. Because money is a means of circulation, virtual money in the virtual situation, will certainly have a certain impact on the regional economy, which is a trial for economics, but the specific impact can not be said.
5. Real economy is the foundation of virtual economy
6. Virtual economy is a "double-edged sword". It is proced to meet the needs of the real economy and can promote the development of the real economy; It may also bring great negative impact or even destructive damage to the real economy, as long as the performance is:
1. The virtual economy increases the possibility of turbulence and crisis in the national economy. Virtual economy is independent of physical capital and has great liquidity. It is a paradise for speculators. With the development of derivative financial instruments, the virtual capital is far away from the physical capital, the liquidity is stronger, and the holders can operate in a large amount and a long distance, which will have an impact on a country, a region and even the global economy. From "crazy tulip", "Mississippi hoax" to "bubble on the South China Sea"; From "Black Monday", "October Massacre" to "this time is really different", every financial crisis has caused serious dislocation of inverted pyramid structure in some countries, interrupted the effective economic growth of important regions, and led to a serious recession in the world economy
2. The excessive issuance of virtual currency and the sharp increase of bank credit bad debts will shake the order and credit foundation of the normal operation of the real economy. Since the emergence of paper money, especially the later book money and electronic money, human beings have entered the era of virtual money. Although the emergence of virtual money makes the money supply flexible enough to adapt to the development of real economy, it also makes it possible for excessive issuance and inflation of money. Especially when the modern commercial banks with the function of credit creation break away from the actual needs of the real economy and provide credit by creating a large number of deposits, the whole real economy will inevitably suffer from inflation. If a large number of loans issued by banks fail to recover and form a large number of bad debts, they will not only cause the financial assets of banks to generate financial bubbles e to the fact that the real value is much lower than the book value, but also destroy the normal credit relations and shake the credit basis of the stable operation of the real economy.
3. Virtual economy distorts the way of resource allocation, reces the efficiency of resource allocation, and hinders the development of physical economy such as agriculture and instry. In the bubble economy stage, investing in stock market, currencies and real estate can get a high rate of return which is far from the real economy. The high rate of return makes a large amount of capital flow from the real economy into the stock market, foreign exchange market or real estate market. The imbalance of funds will lead to a sharp rise in interest rates, which will make the development of the real economy shrink or even stagnate e to the high financing cost; At the same time, the high returns of stock market, currencies and real estate make large numbers of talents flow into the bubble economy, and the labor costs increase rapidly e to the shortage of human capital. The excessive expansion of proction costs will rece the international competitiveness of the physical economy sector
4. Virtual economy destroys the operation of financial system, reces the ability of banks to resist risks, and causes financial crisis. Speculative activities prevailed on the basis of the bubble economy, and demand for funds increased sharply, which led banks to raise interest rates to get higher returns. High interest rates encourage banks to expand credit, relax the review of credit quality and feasibility study, and make a large number of funds from banks and other financial institutions flow into the stock market, foreign exchange market, real estate and other excessive speculative markets. The physical economy can not bear the high bank interest rates, which greatly inhibits its normal capital. As vested interest groups, banks and other financial institutions have great influence on the stock market, foreign exchange market and real estate market Foreign exchange market and real estate speculation played a negative role< 5. Fictitious economy distorts consumption behavior and worsens the balance of payments. The virtual prosperity caused by the bubble economy distorts the consumption behavior of consumers, which is an important source of over consumption. Excessive consumption can easily lead to a large increase in imports. At the same time, because of the high cost of borrowing and the increase of labor costs, enterprises will rece the competitiveness of exports. A sharp increase in imports and a sharp decline in exports, undermining the balance of trade in current account, a huge deficit in current account, a sharp decrease in foreign exchange savings, worsening the balance of payments situation. In addition, the bubble economy can redistribute national income, aggravate polarization between the rich and the poor, and seriously lead to a series of social problems, which pose a threat to social stability.
6. Excessive growth of virtual economy leads to financial risk. According to the IMF, if a country's fiscal deficit exceeds 3% of GDP and its total domestic and foreign debts exceed 60% of GDP, there will be fiscal risks. Theory and practice show that fiscal risk originates from the excessive growth of virtual economy and directly results from the hollowing out of instry. This is because the decline of old instries and the failure of new instries to form in time will lead to two consequences: one is that the slowdown or interruption of economic growth will lead to a sharp drop in fiscal revenue; Second, we can not achieve full employment, increase fiscal expenditure in vain, expand the deficit, increase debt dependence too quickly, strengthen the transformation from fiscal risk to financial risk, and force economic development into difficulties
7. The excessive growth of virtual economy objectively requires redistribution of national income, and the joining of many speculators is bound to aggravate the polarization between the rich and the poor, which leads to a series of social problems and political unrest“ The collapse of "intelligence miracle" and "Japanese myth", the impeachment of the president of the Philippines, the bankruptcy of Daewoo in South Korea and the continued instability of Indonesian political situation are all related to this. http://ke..com/view/145310.htm
1. The virtual economy increases the possibility of turbulence and crisis in the national economy. Virtual economy is independent of physical capital and has great liquidity. It is a paradise for speculators. With the development of derivative financial instruments, the virtual capital is far away from the physical capital, the liquidity is stronger, and the holders can operate in a large amount and a long distance, which will have an impact on a country, a region and even the global economy. From "crazy tulip", "Mississippi hoax" to "bubble on the South China Sea"; From "Black Monday", "October Massacre" to "this time is really different", every financial crisis has caused serious dislocation of inverted pyramid structure in some countries, interrupted the effective economic growth of important regions, and led to a serious recession in the world economy
2. The excessive issuance of virtual currency and the sharp increase of bank credit bad debts will shake the order and credit foundation of the normal operation of the real economy. Since the emergence of paper money, especially the later book money and electronic money, human beings have entered the era of virtual money. Although the emergence of virtual money makes the money supply flexible enough to adapt to the development of real economy, it also makes it possible for excessive issuance and inflation of money. Especially when the modern commercial banks with the function of credit creation break away from the actual needs of the real economy and provide credit by creating a large number of deposits, the whole real economy will inevitably suffer from inflation. If a large number of loans issued by banks fail to recover and form a large number of bad debts, they will not only cause the financial assets of banks to generate financial bubbles e to the fact that the real value is much lower than the book value, but also destroy the normal credit relations and shake the credit basis of the stable operation of the real economy.
3. Virtual economy distorts the way of resource allocation, reces the efficiency of resource allocation, and hinders the development of physical economy such as agriculture and instry. In the bubble economy stage, investing in stock market, currencies and real estate can get a high rate of return which is far from the real economy. The high rate of return makes a large amount of capital flow from the real economy into the stock market, foreign exchange market or real estate market. The imbalance of funds will lead to a sharp rise in interest rates, which will make the development of the real economy shrink or even stagnate e to the high financing cost; At the same time, the high returns of stock market, currencies and real estate make large numbers of talents flow into the bubble economy, and the labor costs increase rapidly e to the shortage of human capital. The excessive expansion of proction costs will rece the international competitiveness of the physical economy sector
4. Virtual economy destroys the operation of financial system, reces the ability of banks to resist risks, and causes financial crisis. Speculative activities prevailed on the basis of the bubble economy, and demand for funds increased sharply, which led banks to raise interest rates to get higher returns. High interest rates encourage banks to expand credit, relax the review of credit quality and feasibility study, and make a large number of funds from banks and other financial institutions flow into the stock market, foreign exchange market, real estate and other excessive speculative markets. The physical economy can not bear the high bank interest rates, which greatly inhibits its normal capital. As vested interest groups, banks and other financial institutions have great influence on the stock market, foreign exchange market and real estate market Foreign exchange market and real estate speculation played a negative role< 5. Fictitious economy distorts consumption behavior and worsens the balance of payments. The virtual prosperity caused by the bubble economy distorts the consumption behavior of consumers, which is an important source of over consumption. Excessive consumption can easily lead to a large increase in imports. At the same time, because of the high cost of borrowing and the increase of labor costs, enterprises will rece the competitiveness of exports. A sharp increase in imports and a sharp decline in exports, undermining the balance of trade in current account, a huge deficit in current account, a sharp decrease in foreign exchange savings, worsening the balance of payments situation. In addition, the bubble economy can redistribute national income, aggravate polarization between the rich and the poor, and seriously lead to a series of social problems, which pose a threat to social stability.
6. Excessive growth of virtual economy leads to financial risk. According to the IMF, if a country's fiscal deficit exceeds 3% of GDP and its total domestic and foreign debts exceed 60% of GDP, there will be fiscal risks. Theory and practice show that fiscal risk originates from the excessive growth of virtual economy and directly results from the hollowing out of instry. This is because the decline of old instries and the failure of new instries to form in time will lead to two consequences: one is that the slowdown or interruption of economic growth will lead to a sharp drop in fiscal revenue; Second, we can not achieve full employment, increase fiscal expenditure in vain, expand the deficit, increase debt dependence too quickly, strengthen the transformation from fiscal risk to financial risk, and force economic development into difficulties
7. The excessive growth of virtual economy objectively requires redistribution of national income, and the joining of many speculators is bound to aggravate the polarization between the rich and the poor, which leads to a series of social problems and political unrest“ The collapse of "intelligence miracle" and "Japanese myth", the impeachment of the president of the Philippines, the bankruptcy of Daewoo in South Korea and the continued instability of Indonesian political situation are all related to this. http://ke..com/view/145310.htm
7. The relationship between the virtual economy and the real economy can be summarized as follows: the real economy relies on the virtual economy, and the virtual economy depends on the real economy. The following are discussed respectively
1. The real economy relies on the virtual economy, which is manifested in three aspects: first, the virtual economy affects the external macro business environment of the real economy. If the real economy wants to survive and develop, it must have a good external macro operating environment besides its internal operating environment. In this external macro business environment, the real economy
includes the total amount of funds of the whole society, the financing situation, the capital circulation situation, etc. The situation of these aspects will greatly affect the survival and development of the real economy, and all of these are directly or indirectly related to the virtual economy. Therefore, the development of virtual economy will greatly affect the external macro operating environment of the real economy. Second, the virtual economy increases the stamina for the development of the real economy. To run the real economy, especially to develop, the first condition is to have enough funds. So, where do all kinds of funds for the development of the real economy come from? There are no more than two ways: one is to make loans to various financial institutions with banks as the main body; The other is to raise funds by issuing stocks, bonds and other securities. From the perspective of development trend, comparatively speaking, it will be more realistic, more convenient and faster to solve the problem of funds needed in the process of real economic development through the second way. In this way, the virtual economy will increase the stamina for the development of the real economy. Third, the development of virtual economy restricts the development of real economy. Historically, the development of virtual economy has gone through five stages: capitalization of idle money, socialization of interest bearing capital, marketization of securities, internationalization of financial market, and integration of international finance. Facts have proved that different stages of the development of the virtual economy have different impacts on the development of the real economy, that is, the higher stage of the development of the virtual economy has a greater impact on the development of the real economy than the lower stage of the development of the virtual economy. On the contrary, it will be smaller
2. The virtual economy depends on the real economy, which is manifested in three aspects: first, the real economy provides the material basis for the development of the virtual economy. Virtual real economy
economy is not a myth, but a reality. Therefore, it is not suspended in the sky, but based on the ground. This fundamentally determines that both its emergence and development must take the real economy as the material condition. Otherwise, it will become a castle in the air that will not touch the sky or the ground. Second, the real economy puts forward new requirements for the virtual economy. With the progress of the overall economy, the real economy must also develop to a higher level. Otherwise, it will "disappear" faster. The new requirements of virtual economy in the development of real economy are mainly reflected in the marketization of securities and the internationalization of financial market. It is precisely because the real economy in its development process, put forward a series of new requirements for the virtual economy, so that it can proce, especially make it develop. Otherwise, the virtual economy will become rootless. Third, the real economy is a sign to test the development of virtual economy. The starting point and foothold of virtual economy are the real economy, that is, the original intention of developing virtual economy is to further develop the real economy, and the final result is to serve the real economy. Therefore, the development of the real economy itself shows the degree of development of the virtual economy. In this way, the real economy will naturally become a test of the development of virtual economy. To sum up, there is an extremely close relationship of interdependence and mutual promotion between the virtual economy and the real economy. They are inseparable from each other, at least for a long time< Since there is an inseparable relationship between the virtual economy and the real economy, we must deal with them well, otherwise their normal development will be affected. So, what are the principles to deal with the relationship between the virtual economy and the real economy? First, the principle of equal treatment. Since both the virtual economy and the real economy have their own unique functions, we should adhere to the principle of equal treatment, and not take a discriminatory attitude towards any party, so as not to ignore one and lose the other. Second, the principle of overall consideration. There is an interdependent and mutually reinforcing relationship between them in the real economy. Therefore, we should not take a biased attitude towards either of them. We should make a unified plan in macroeconomic planning, strategic deployment, personnel training and the application of measures. Third, the principle of balanced development. Facts have proved and will continue to prove that both virtual economy and real economy can promote the whole market economy. This determines that they should give consideration to each other in terms of their speed of development, their scale formation, their proportion determination and their planning arrangement. Fourth, the principle of coordination. The practice of economic development has told us and will tell us that virtual economy and real economy are two different economic forms or forms after all. They are different in operation mode, operation characteristics, behavior norms, internal requirements, marketing strategies, service objects, etc. In this case, there is a great possibility of contradiction between the two. Its specific performance is that either the real economy develops independently from the virtual economy, or the virtual economy "advances by leaps and bounds" beyond the real economy. Facts have proved that the latter is the main phenomenon, and the result is the so-called "bubble economy". Therefore, in order to prevent or curb the emergence or emergence of the bubble economy, we must emphasize the principle of coherence. In order to deal with the relationship between virtual economy and real economy, we must adhere to the principle of equal treatment, overall planning, balanced development and coordination.
1. The real economy relies on the virtual economy, which is manifested in three aspects: first, the virtual economy affects the external macro business environment of the real economy. If the real economy wants to survive and develop, it must have a good external macro operating environment besides its internal operating environment. In this external macro business environment, the real economy
includes the total amount of funds of the whole society, the financing situation, the capital circulation situation, etc. The situation of these aspects will greatly affect the survival and development of the real economy, and all of these are directly or indirectly related to the virtual economy. Therefore, the development of virtual economy will greatly affect the external macro operating environment of the real economy. Second, the virtual economy increases the stamina for the development of the real economy. To run the real economy, especially to develop, the first condition is to have enough funds. So, where do all kinds of funds for the development of the real economy come from? There are no more than two ways: one is to make loans to various financial institutions with banks as the main body; The other is to raise funds by issuing stocks, bonds and other securities. From the perspective of development trend, comparatively speaking, it will be more realistic, more convenient and faster to solve the problem of funds needed in the process of real economic development through the second way. In this way, the virtual economy will increase the stamina for the development of the real economy. Third, the development of virtual economy restricts the development of real economy. Historically, the development of virtual economy has gone through five stages: capitalization of idle money, socialization of interest bearing capital, marketization of securities, internationalization of financial market, and integration of international finance. Facts have proved that different stages of the development of the virtual economy have different impacts on the development of the real economy, that is, the higher stage of the development of the virtual economy has a greater impact on the development of the real economy than the lower stage of the development of the virtual economy. On the contrary, it will be smaller
2. The virtual economy depends on the real economy, which is manifested in three aspects: first, the real economy provides the material basis for the development of the virtual economy. Virtual real economy
economy is not a myth, but a reality. Therefore, it is not suspended in the sky, but based on the ground. This fundamentally determines that both its emergence and development must take the real economy as the material condition. Otherwise, it will become a castle in the air that will not touch the sky or the ground. Second, the real economy puts forward new requirements for the virtual economy. With the progress of the overall economy, the real economy must also develop to a higher level. Otherwise, it will "disappear" faster. The new requirements of virtual economy in the development of real economy are mainly reflected in the marketization of securities and the internationalization of financial market. It is precisely because the real economy in its development process, put forward a series of new requirements for the virtual economy, so that it can proce, especially make it develop. Otherwise, the virtual economy will become rootless. Third, the real economy is a sign to test the development of virtual economy. The starting point and foothold of virtual economy are the real economy, that is, the original intention of developing virtual economy is to further develop the real economy, and the final result is to serve the real economy. Therefore, the development of the real economy itself shows the degree of development of the virtual economy. In this way, the real economy will naturally become a test of the development of virtual economy. To sum up, there is an extremely close relationship of interdependence and mutual promotion between the virtual economy and the real economy. They are inseparable from each other, at least for a long time< Since there is an inseparable relationship between the virtual economy and the real economy, we must deal with them well, otherwise their normal development will be affected. So, what are the principles to deal with the relationship between the virtual economy and the real economy? First, the principle of equal treatment. Since both the virtual economy and the real economy have their own unique functions, we should adhere to the principle of equal treatment, and not take a discriminatory attitude towards any party, so as not to ignore one and lose the other. Second, the principle of overall consideration. There is an interdependent and mutually reinforcing relationship between them in the real economy. Therefore, we should not take a biased attitude towards either of them. We should make a unified plan in macroeconomic planning, strategic deployment, personnel training and the application of measures. Third, the principle of balanced development. Facts have proved and will continue to prove that both virtual economy and real economy can promote the whole market economy. This determines that they should give consideration to each other in terms of their speed of development, their scale formation, their proportion determination and their planning arrangement. Fourth, the principle of coordination. The practice of economic development has told us and will tell us that virtual economy and real economy are two different economic forms or forms after all. They are different in operation mode, operation characteristics, behavior norms, internal requirements, marketing strategies, service objects, etc. In this case, there is a great possibility of contradiction between the two. Its specific performance is that either the real economy develops independently from the virtual economy, or the virtual economy "advances by leaps and bounds" beyond the real economy. Facts have proved that the latter is the main phenomenon, and the result is the so-called "bubble economy". Therefore, in order to prevent or curb the emergence or emergence of the bubble economy, we must emphasize the principle of coherence. In order to deal with the relationship between virtual economy and real economy, we must adhere to the principle of equal treatment, overall planning, balanced development and coordination.
8. The development of virtual economy not only concentrates a large amount of idle and scattered capital into the real economy, provides direct financing support for enterprises, meets the capital demand in the development of the real economy, but also plays a very positive role in optimizing the allocation of resources. Secondly, the development of virtual economy is very helpful to disperse business risks and rece transaction costs. First, the emergence and diversification of a large number of financial derivatives provide a variety of choices for the real economy sector and investors to avoid risks. Second, make full use of financial derivatives and proct concentration, promote capital turnover and settlement, greatly ease the various frictions in real economic life, rece transaction costs, so as to improve the operation efficiency of the real economy. Thirdly, the development of virtual economy can effectively stimulate investment demand and consumption, and stimulate the growth of real economy. Not only that, the virtual economy promotes the development of the real economy, but also realizes the unconventional development and rapid expansion. However, it is particularly necessary to emphasize that once the virtual economy loses its effective restriction and strict supervision of the credit system, it will lead to bubble economy if it develops freely and over expands. This will not only have a serious negative impact on the real economy, but also proce a chain reaction, like the "Domino dominoes", which will impact the whole national economy and the global economy. It triggered a recession.
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