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SSRN Electronic Journal, 2008 Historically, the world economy has been dominated by a single currency accepted in the exchange of goods and assets among countries. In recent decades, the U.S. dollar has played this role. The dollar acts as a “vehicle currency” in the sense that agents in nondollar economies will generally engage in currency trade indirectly using the U.S.
Devereux, Michael B., Shi, Shouyong
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Commodity currencies and currency commodities [PDF]
Resources Policy, 2008 This research was supported in part by the ARC, ACILTasman, AngloGold Ashanti, and the WA Department of Industry and Resources.
Clements, Kenneth W., Fry, Renee Anne
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Regional Currency Unions and Supranational Currency [PDF]
Economy of Region, 2014 Creation of voluntary regional economic alliances of independent countries was an important area of development of the regional and world economy at the end of XX-th century. They arise as a reaction on the dominance of the world’s few national currencies, playing a world level role.
Asaliev, A. M. +2 more
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Currencies in Resource Theories [PDF]
Entropy, 2021 How may we quantify the value of physical resources, such as entangled quantum states, heat baths or lasers? Existing resource theories give us partial answers; however, these rely on idealizations, like perfectly independent copies of states or exact knowledge of a quantum state. Here we introduce the general tool of “currencies” to quantify realistic
Kraemer, Lea, del Rio, Lídia
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Review of Financial Studies, 2015 © The Author 2016. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns.
Menkhoff, L +3 more
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Currency boards and currency crises [PDF]
Oxford Economic Papers, 2004 This paper demonstrates how a currency board can become vulnerable to a crisis in which the policymaker is forced to devalue. The model is built from two blocks: first, incomplete information about the devaluation cost faced by the policymaker; and second, unemployment persistence. Incomplete information can result in multiple equilibria.
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Virtual Currency, Not a Currency?
SSRN Electronic Journal, 2016 With public interest in Bitcoin and other virtual currencies continuing to grow, the question of whether virtual currencies are regulated at the Federal level has arisen. The Commodity Futures Trading Commission, in particular, has been aggressive in asserting its regulatory authority over a broad swath of activities and transactions involving virtual ...
Gary E. Kalbaugh, Gary E. Kalbaugh
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Corporate Currency Hedging and Currency Crises [PDF]
, 2009 We examine the impact of corporate currency hedging on economic stability by introducing hedging activity in a Mundell-Fleming-Tobin framework for analyzing currency and financial crises. The ratio between hedged and unhedged firms is modelled depending on firm size as well as hedging costs.
Andreas Röthig +2 more
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Personalisation as Currency [PDF]
A Peer-Reviewed Journal About, 2015 ‘Cybercapitalism’, commonly termed ‘digital capitalism’, refers to the Internet, or ‘cyber- space’ and seeks to engage in business models within this territory in order to make financial profit. Cybercapitalism is structured by a highly intricate series of communication networks, which connect us through our participation on social platforms, but ...
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Population and species neighbor identity impact trait–trait relationships and plant performance
Population Ecology, EarlyView.We evaluated how populations and species identity influence plant performance and trait outcomes in mixtures, and assessed trait variation among populations of two forb species native to the western United States (Dieteria canescens and Heterotheca villosa) following three interaction treatments (single‐population monoculture, two‐population mixture ...
Alicia J. Foxx +2 more
wiley +1 more source