Since 2022, global geopolitical conflicts have intensified, and there has been a notable increase in the international community's demand for currency diversification. This has created a new opportunity for the internationalization of the Renminbi (RMB). This paper examines the factors influencing the internationalization of the RMB, with a particular focus on its role as a unit of account, medium of exchange and store of value. These functions are considered in conjunction with the digital technological innovation represented by e-CNY. The methodology employed is based on the vector autoregression (VAR) model, Granger causality test and variance decomposition analysis. The Granger causality test indicates that digital technology innovation is not the primary driver of RMB internationalization at this juncture. The impulse response analysis and variance decomposition analysis revealed that the impact and direction of influence exerted by the various factors on RMB internationalization exhibit considerable discrepancies.
In recent years, science and technology have continued to develop and progress, and the level of teaching digitalization has improved. Music education occupies an important position in many universities, and it is necessary and feasible to use digital technology to explore its impact in basic education. The digitalization and technology of music education in colleges and universities have had a positive impact on basic education, such as balancing educational resources, updating education models, optimizing teaching platforms, and practicing student-oriented concepts. In order to maximize the role of digital technology, it can be innovated and applied from sight-singing ear training teaching, orchestration course teaching, and polyphonic course teaching.
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