The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
As small-country two-asset model, the portfolio balance theory could not explain why the low interest rate policy in China could not avoid speculative foreign capital influx, but stimulates greater bubble in financial market. This paper proposes a two-way capital flow model based on multiple-assets arbitrage, where bilateral capital flow between two countries depends on investors' portfolio adjustment...
Network virtual money, as a method of attracting players and increasing revenue for game operators, has played an important role in the rapid development of network online games. With virtual money, some economic phenomenon such as inflation in virtual environment has emerged, which attracted wide attention from academics. This paper proposes that virtual money demand should be taken into consideration...
With the development of Internet, network virtual currency becomes a new way of payment in virtual games and virtual communities, but the multi-currency coexistence and inconvertibility of the current virtual money initiated the dispute on whether the virtual currency should be unified. This paper holds that whether the unification could be implemented depends on userspsila demand, the willingness...
This paper analyzes two major types of latent risk of the network virtual assets: the network virtual environment risk and the specific assets risk. The network virtual environment risk includes risks of network safety, exchange rate and credit of operators. The specific assets risk includes the liquidity risk caused by specific virtual asset changing into virtual currency and the risk of virtual...
In this paper, two virtual money supply models are set up: Virtual Money Supply Model with No Virtual Banks and Virtual Money Supply Model with Virtual Banks. In the virtual community without any financial institutions,the quantity of virtual money supply strongly depends on the player's total on-line time, which is decided by the virtual money's exchange rate and the in-game attractiveness. In the...
With the rapid development of network game, the in-world economic activities become increasingly complex and form a relatively independent network virtual economy. As capital inflow from the real world is the key element supporting the functioning of virtual world, we established an arbitrage capital flow model based on relative risk premium between the two worlds, explored the interest rate mechanism...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.