Confronting the Symbolic Economy

Author: Zhang Ping
Publisher:
Publish Date: 2003-03-01
Features: This book primarily studies the symbolic economy (also known as the virtual economy) in the operation of modern macroeconomics, which refers to the economic system formed by the creation, trading, and circulation of money, stocks, bonds, financial derivative instruments, etc., and its correlation with the real economy. It delves into the relationship between monetary policy and the real economy; the correlation between the stock market, stock returns, and the real economy; and the connection between financial markets and the real economy. Based on this research, it preliminarily constructs a framework for studying the correlation between China's symbolic economy and the real economy, showcasing its cutting-edge nature.