Open Access

Fundamental Collateral: A Concept to Understand Global Macroeconomics and Financial Market

Yuyan Zhang

School of International Politics and Economics, University of Chinese Academy of Social Sciences, Beijing, P. R. China

Institute of World Economics and Politics, Chinese Academy of Social Sciences, Beijing, P. R. China

E-mail Address: yyzhang@cass.org.cn

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and

Guangtao Xia

Institute of World Economics and Politics, Chinese Academy of Social Sciences, Beijing, P. R. China

E-mail Address: xiagt@cass.org.cn

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https://doi.org/10.1142/S2737557922500024Cited by:0 (Source: Crossref)

Abstract

The systematic importance of US Treasuries for the global financial market stems from their attribute of fundamental collateral. This paper attempts to use the concept of fundamental collateral, as well as its basic features and functions, to explain how US Treasuries have strengthened the international status of the US dollar, and examines the prospects of a diversifying global fundamental collateral market.

Sponsorship provided by APEC and East Asian Cooperation Center, Chinese Academy of Social Sciences (AEACC-CASS).

Keywords:

References

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Vol. 02, No. 01

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History

Published: 12 July 2022

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This is an Open Access article, copyright owned by APEC and East Asian Cooperation Center, Chinese Academy of Social Sciences (AEACC-CASS). The article is distributed under the Creative Commons Attribution 4.0 (CC BY-NC) Licence. Further distribution of this work is permitted, provided the original work is properly cited and for non-commercial purposes.

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Fundamental Collateral: A Concept to Understand Global Macroeconomics and Financial Market

Abstract

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