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Mr Jen calls these "upstream currency flows".
If this kind of thing gets big enough, so are traditional currency flows, which are the stuff of central banks and national sovereignty.
A law restricting all currency flows related to capital-account transactions and requiring exporters to deposit all foreign currency with domestic banks was passed in late November.
Housing prices also increased by some 8.6% in urban areas after the Chinese government began monitoring currency flows and requiring increased down payments to deter speculation.
China may be the world's second-largest economy after the United States, and the largest exporter, but the renminbi remains almost unheard of in international currency flows.
At the time, interest-rate-denominated investments were much more important in driving currency flows, and American interest rates had fallen sharply.
Similar(40)
For him sex is merely a fraction of the currency flow consolidating a community.
To keep its currency at the same level, the Chinese government buys foreign currency flowing into the country in excess of China's needs.
By the time the new bill joins the currency flow next month, it will have appeared virtually everywhere but on the ballot for California's recall election.
Blockchain contains two major flows, virtual currency flow and information flow.
This sent a gold mountain of hard currency flowing back to the West, expanded the money supply, built the sweatshops of Lowell, Lawrence and Manchester and fueled the long boom that paid for the rise of 19th century Western imperialism.
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