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Journal articles on the topic 'Currencies market'

Author: Grafiati

Published: 4 June 2021

Last updated: 9 February 2022

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1

Szturo, Marek, and Bogdan Włodarczyk. "New financial markets and their impact on raw material prices." Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia 53, no. 3 (2019): 85. http://dx.doi.org/10.17951/h.2019.53.3.85-92.

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<p>The purpose of the study was to determine the impact of the Chinese financial market, which is a new market, on the exchange rates of commodity currencies and, thus, the prices of raw materials. For this purpose, an autoregressive distributed lag model (ARDL) was used. The results indicate that the Chinese stock market and futures market for the yuan (the Chinese Yuan Non-Deliverable Forward Transactions; CNY NDF market) had a significant impact on commodity currencies before the global financial crisis in 2008/09, then the effect widened to include more commodity currencies in the po

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2

Gilmore, Stephen, and Fumio Hayashi. "Emerging Market Currency Excess Returns." American Economic Journal: Macroeconomics 3, no. 4 (2011): 85–111. http://dx.doi.org/10.1257/mac.3.4.85.

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We consider the excess return from 20 internationally tradable emerging market (EM) currencies against the US dollar. It has two contributions. First, we document stylized facts about EM currencies. EM currencies have provided significant equity-like excess returns against major currencies, but with low volatility. Picking EM currencies with a relatively high forward premium raises the portfolio return substantially. Second, our calculation incorporates institutional features of the foreign exchange market, such as lags in settling spot contracts, FX swaps, and bid/offer spreads. Transaction c

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3

Cortez, Klender, Martha del Pilar Rodríguez-García, and Samuel Mongrut. "Exchange Market Liquidity Prediction with the K-Nearest Neighbor Approach: Crypto vs. Fiat Currencies." Mathematics 9, no. 1 (2020): 56. http://dx.doi.org/10.3390/math9010056.

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In this paper, we compare the predictions on the market liquidity in crypto and fiat currencies between two traditional time series methods, the autoregressive moving average (ARMA) and the generalized autoregressive conditional heteroskedasticity (GARCH), and the machine learning algorithm called the k-nearest neighbor (KNN) approach. We measure market liquidity as the log rates of bid-ask spreads in a sample of three cryptocurrencies (Bitcoin, Ethereum, and Ripple) and 16 major fiat currencies from 9 February 2018 to 8 February 2019. We find that the KNN approach is better suited for capturi

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4

Kristoufek, Ladislav, and Miloslav Vosvrda. "Gold, currencies and market efficiency." Physica A: Statistical Mechanics and its Applications 449 (May 2016): 27–34. http://dx.doi.org/10.1016/j.physa.2015.12.075.

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5

Mishina, V., and L. Khomyakova. "Integrated currency market of the eurasian economic spaceand settlements in national currencies: myths or reality?" Voprosy Ekonomiki, no. 8 (August 20, 2014): 41–57. http://dx.doi.org/10.32609/0042-8736-2014-8-41-57.

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The article highlights integration processes and the rising demand for the use of national currencies. The creation of an integrated currency market of the Eurasian Economic Space should enhance the role of national currencies. Formation of the single exchange space would generate direct market quotes and conduct exchange operations with national currencies directly without US dollar and euro, carry out cross-border payments in national currencies.

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6

Jochum, Christian, and Laura E. Kodres. "Does the Introduction of Futureson Emerging Market Currencies Destabilize the Underlying Currencies?" IMF Working Papers 98, no. 13 (1998): 1. http://dx.doi.org/10.5089/9781451842975.001.

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7

Frankel, Jeffrey, and Jumana Poonawala. "The forward market in emerging currencies: Less biased than in major currencies." Journal of International Money and Finance 29, no. 3 (2010): 585–98. http://dx.doi.org/10.1016/j.jimonfin.2009.11.004.

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8

Evans, Michael S. "Zelizer's Theory of Money and the Case of Local Currencies." Environment and Planning A: Economy and Space 41, no. 5 (2009): 1026–41. http://dx.doi.org/10.1068/a4144.

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In this paper I consider Zelizer's theory of money in a market setting. Do people create and use market money to express social values? Local currencies, which circulate in competition with national currencies in local economies around the world, provide the case studies. I survey the research literature on local currencies and find important limits on Zelizer's theory for market money. While people create and use local currencies for both economic and noneconomic reasons, most people stop using them when economic benefits are not realized. Sustained use of local currencies is uncommon. The fe

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9

Gurrib, Ikhlaas. "Are key market players in currency derivatives markets affected by financial conditions?" Investment Management and Financial Innovations 15, no. 2 (2018): 183–93. http://dx.doi.org/10.21511/imfi.15(2).2018.16.

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This study investigates if the biggest players in major foreign currencies futures markets are affected by current and previous financial conditions. Using root mean squared errors (RMSE), normalized RMSE, and Nash-Sutcliffe efficiency, this study compares the impact of current, 1 and 2 week lags of financial conditions onto foreign currency futures players’ net positions. The financial conditions indices used are UFCI, STLFSI, NFCI and ANFCI with weekly data set from January 2007 till December 2018. The US dollar index futures is included as a benchmark, since the financial conditions are bas

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10

White, John B., Morgan P. Miles, and E. James Randall. "Innovative Financial Technologies To Facilitate Trade With Eastern Europe." Journal of Applied Business Research (JABR) 8, no. 3 (2011): 101. http://dx.doi.org/10.19030/jabr.v8i3.6150.

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The European Economic Community is overshadowing the great market potential of the emerging, newly liberated Eastern Bloc countries. Entering these formerly communist markets is challenging because of a lack of sound economies and weak currencies. This paper develops a model whereby North American businesses enter these markets and accept local currencies for products and services, purchase local goods with the local currency and then sell these goods through international commodity exchanges.

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11

Oberlechner, Thomas. "Evaluation of Currencies in the Foreign Exchange Market: Attitudes and Expectations of Foreign Exchange Traders." Zeitschrift für Sozialpsychologie 32, no. 3 (2001): 180–88. http://dx.doi.org/10.1024//0044-3514.32.3.180.

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Summary: This article examines whether there is a connection between the attitudes of traders in the foreign exchange market and their expectations of future exchange rate developments. A psychological understanding of expectations is contrasted to the prevailing economic view of rational expectations. Findings are based on a questionnaire survey of 321 foreign exchange traders in Austria, Germany, Switzerland, and the UK. Factor analyses of semantic differential ratings of currencies result in three main factors on which currencies are evaluated. Foreign exchange traders of smaller countries

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12

Chen, Yu-chin, and Dongwon Lee. "Market power, inflation targeting, and commodity currencies." Journal of International Money and Finance 88 (November 2018): 122–39. http://dx.doi.org/10.1016/j.jimonfin.2018.07.002.

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13

Jochum, Christian, and Laura Kodres. "Does the Introduction of Futures on Emerging Market Currencies Destabilize the Underlying Currencies?" Staff Papers - International Monetary Fund 45, no. 3 (1998): 486. http://dx.doi.org/10.2307/3867413.

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14

UMAROV, Husan S. "Digital currencies: The present and the future." Finance and Credit 27, no. 5 (2021): 1132–55. http://dx.doi.org/10.24891/fc.27.5.1132.

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Subject. The article considers digital currencies in the context of global and national financial system development. Objectives. The purpose is to identify and justify the role of digital currencies in the global finance development and the place of modern central bank policies in the development of digital currencies, to underpin the need for changing approaches to digital currencies on the part of central banks, and to predict possible scenarios for the development of digital currencies on the global scale. Methods. The study applies methods of logical and statistical analysis, the comparat

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15

Mazanec, Jaroslav. "Portfolio Optimalization on Digital Currency Market." Journal of Risk and Financial Management 14, no. 4 (2021): 160. http://dx.doi.org/10.3390/jrfm14040160.

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Virtual currency represents a specific technological innovation on financial markets. Bitcoin and other cryptocurrencies are popular alternatives to traditional cash and investment. We indicate a research gap in the literature review. We find out that current research focused rarely on portfolio diversification using bibliographic analysis in VOSviewer. We think that portfolio diversification is extremely important on the crypto market for most investors because virtual currencies are very risky compared to traditional assets. The primary aim is to construct an optimal portfolio consisting of

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16

Kanchanapoom, Termkiat, Chaiyuth Padungsaksawasdi, Pornchai Chunhachinda, and Maria E. de Boyrie. "Uncovered Interest Rate Parity, Carry Trade, and Country Equity Return Differentials." Global Economy Journal 18, no. 3 (2018): 20180041. http://dx.doi.org/10.1515/gej-2018-0041.

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This paper applies a mixed effect model to investigate the relationship between international equity returns and forward discount sorted currency returns from three base currencies (i. e., US dollar, euro, and pound sterling). Empirical results using the portfolio approach show that high-interest rate currencies co-move positively while low-interest rate currencies co-move negatively, suggesting that foreign equity excess returns can help to explain investment in currency markets, providing a partial resolution to the uncovered interest parity conundrum. Furthermore, we show that global equity

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17

Choe, Myeong Sig. "An Alternative Futures Hedge for Minor Currencies." Journal of Derivatives and Quantitative Studies 12, no. 1 (2004): 87–112. http://dx.doi.org/10.1108/jdqs-01-2004-b0005.

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In a world of trade among nations using different currencies, every exchange of goods, services, or assets taking place between economic actors of different nations requires an accompanying currency transaction. If foreign exchange rates were fixed, this would be little more than a formality and not a potential source of market distortion. In the current world, however, the currency exchange rates are often very volatile and can affect market prices when viewed from outside the economy. Individuals with risk-averse preferences seek to minimize the potential losses possible from their currency

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18

Sussangkarn, Chalongphob. "Promoting Local Currency Usage in the Region." Asian Economic Papers 19, no. 2 (2020): 1–16. http://dx.doi.org/10.1162/asep_a_00768.

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This paper focuses on policies to promote the greater use of regional currencies in intra-regional trade and investment. This will reduce the dominance of the U.S. dollar and lessen the region's exposure to U.S. monetary conditions and monetary policy. A key focus in this paper is on policies to help set up efficient currency exchange markets to reduce currency exchange transaction costs. This is fundamental, as high currency exchange spreads between local currencies discourage local currency usage for trade and investment. China's policy to internationalize the RMB and set up offshore direct

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19

Holland, Dawn, Ray Barrell, Tatiana Fic, et al. "Exchange rate realignments and risks of deflation in North America." National Institute Economic Review 206 (October 2008): 83–86. http://dx.doi.org/10.1177/0027950108099848.

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The US dollar has strengthened in recent months against most major currencies, with the exception of the yen. It has also gained strength against emerging market currencies, and the US effective exchange rate has appreciated by just over 7 per cent in the past three months. Emerging market declines have been exacerbated in recent weeks by the turbulence on financial markets that has forced stock markets to interrupt trading on several occasions. Figure 13 shows effective exchange rates for the US, Canada, Mexico and Brazil. Central banks in Mexico and Brazil have intervened in currency markets

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20

Meng, Jingjing. "Asian emerging-market currencies in the international debt market (1994–2014)." Journal of Asian Economics 42 (February 2016): 20–32. http://dx.doi.org/10.1016/j.asieco.2015.11.002.

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21

Yakunina, Alla, Yulia Semernina, Sergey Yakunin, and Elena Ermakova. "Impact of foreign economic sanctions on the Russian market of bonds denominated in foreign currencies." SHS Web of Conferences 61 (2019): 01036. http://dx.doi.org/10.1051/shsconf/20196101036.

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The market of Russian bonds denominated in foreign currencies was considered as the primary target for the initial package of the USA and EU economic sanctions in 2014. The analyses showed that, by the end of 2017, there was a significant reduction in the number of outstanding bond issues denominated in foreign currencies and a sharp increase in the bonds nominal volume evaluated in Russian rubles. The sanctions did not lead to a significant change in the structure of the market either from the standpoint of the number of bond issues denominated in foreign currencies or in terms of their nomin

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22

Santillán Salgado, Roberto Joaquín, Alejandro Fonseca Ramírez, and Luis Nelson Romero. "The “day-of-the-week” effects in the exchange rate of Latin American currencies." Revista Mexicana de Economía y Finanzas 14, PNEA (2019): 485–507. http://dx.doi.org/10.21919/remef.v14i0.419.

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This paper examines the “day-of-the-week” anomaly in the foreign exchange market of six major Latin American countries’ currencies: (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), all with respect to the United States’ dollar. The returns of daily exchange rates are stationary, so we use linear regressions combined with GARCH, TARCH and EGARCH models to explore the presence of the “day-of-the-week” anomaly. The results confirm the presence of “abnormal” effects in some of the currencies and in some days of the week, particularly on Fridays and Mondays. Moreover, volatility in exchange

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23

Hossain, Md Jamal, and Mohd Tahir Ismail. "Is There Any Influence of Other Cryptocurrencies on Bitcoin?" Asian Academy of Management Journal of Accounting and Finance 17, no. 1 (2021): 125–52. http://dx.doi.org/10.21315/aamjaf2021.17.1.5.

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In recent years, cryptocurrency or virtual currency is becoming an essential medium of exchange in consumer and domestic trading. Nevertheless, the trading values of cryptocurrency compared to real money are very uncertain and can change dramatically. This article is aimed to assess the uncertainty or volatility of cryptocurrencies, mostly on Bitcoin. In the digital currencies market, Bitcoin is a widely accepted currency. Other digital currencies of the market may influence Bitcoin. For example, Ethereum, Litecoin, Zcash, Monero, Dash and Ripple have a positive impact on Bitcoin. Previous res

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24

Carrick, Jon. "Bitcoin as a Complement to Emerging Market Currencies." Emerging Markets Finance and Trade 52, no. 10 (2016): 2321–34. http://dx.doi.org/10.1080/1540496x.2016.1193002.

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25

Fukuhara, Masahiro, and Yasufumi Saruwatari. "A Model Forecasting Risk for Emerging Market Currencies." Asia-Pacific Financial Markets 14, no. 4 (2007): 325–40. http://dx.doi.org/10.1007/s10690-008-9065-1.

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26

Chinn, Menzie D. "Emerging Market Economies and the Next Reserve Currencies." Open Economies Review 26, no. 1 (2014): 155–74. http://dx.doi.org/10.1007/s11079-014-9336-6.

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27

Sauer, Beate. "Virtual Currencies, the Money Market, and Monetary Policy." International Advances in Economic Research 22, no. 2 (2016): 117–30. http://dx.doi.org/10.1007/s11294-016-9576-x.

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28

Soelistianingsih, Lana. "Keterkaitan Pasar Valuta Asing dan Saham di Indonesia dengan Beberapa Negara Mitra Utama: 1998-2009." Jurnal Ekonomi dan Pembangunan Indonesia 10, no. 2 (2010): 85–94. http://dx.doi.org/10.21002/jepi.v10i2.113.

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Using co-integration, the results show that the movement of Indonesian foreign exchange market and capital market has moved to long—run equilibrium with other currencies and indices from partner countries, while the short-run equilibrium between markets have been proved by using VECM. The Indonesian case supports portfolio balance approach introduced by Frankel. The increasing of IHSG attracts capital inflows and makes the demand for domesfic currency higher, and IDR becomes appreciation. Indonesian market has strong linkages with Asian regional markets especially with Hong Kong market, while

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29

Shi, Qing, and Xiaoqi Sun. "A Scientometric Review of Digital Currency and Electronic Payment Research: A Network Perspective." Complexity 2020 (November 9, 2020): 1–17. http://dx.doi.org/10.1155/2020/8876017.

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The potential implications of digital currencies and electronic payment (DC/EP) have become a hot global research area. To present the knowledge bases and research fronts of this field, we apply a scientometric approach to analyze 454 publications obtained from the Web of Science core collection. Results show that, first, the knowledge bases can be classified into three main topics: (1) the usage and diversification effect of private digital currencies from the point of investment and asset allocation; (2) the price dynamics and market efficiency of private digital currencies; and (3) other ec

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Kumar, Satish. "Turn-of-month effect in the Indian currency market." International Journal of Managerial Finance 11, no. 2 (2015): 232–43. http://dx.doi.org/10.1108/ijmf-05-2014-0068.

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Purpose – The purpose of this paper is to examine the presence of the turn-of-month effect in the Indian currency market for selected currency pairs: USD-INR, EUR-INR, GBP-INR and JPY-INR, from January 1999 to April 2014. Design/methodology/approach – Ordinary least square regression analysis is used to examine the presence of the turn-of-month effect and to test the efficiency of the Indian currency market. The characteristics of the returns during the turn-of-month days are compared with that of the non-turn-of-month trading days. The sample period is later divided into two sub-periods, that

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Costa Filho, Adonias Evaristo da. "The information content of risk reversals in emerging market currencies." Brazilian Review of Finance 14, no. 3 (2016): 403. http://dx.doi.org/10.12660/rbfin.v14n3.2016.58700.

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This paper analyzes the information content of risk reversals for ten emerging market currencies. In contrast to the findings for major developed currencies, it is found that in some cases risk reversals (RR) are helpful in predicting currency returns, but in general RR are predicted by but do not predict carry trade returns. Evidence based on country vector autoregressions (VARs) and a panel VAR (PVAR) indicate that RR react in a procyclicalway to carry returns, i.e., it is cheaper (more expensive) to buy protection against currency weakness after pos

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Teplova, Tamara V., and Tatiana V. Sokolova. "Market Development Determinants for Corporate Bonds in National Currencies: Emerging Markets Review." Journal of East-West Business 24, no. 1 (2017): 50–80. http://dx.doi.org/10.1080/10669868.2017.1340387.

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Da Silva, Kesley Leandro, and Marcelo Fernandes. "Estratégias de Momento no Mercado Cambial." Brazilian Review of Finance 16, no. 1 (2018): 39. http://dx.doi.org/10.12660/rbfin.v16n1.2018.69277.

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We use weekly data to investigate the profitability of momentum strategies in the currency market based on two different extract methods of nonlinear trends. We compare their performance with the traditional moving average rules broadly used by market professionals. We find that the performance of all strategies is extremely sensitive to the choice of currency, lags parameters and the evaluation criteria. Nevertheless, nonlinear trends entail better results for G10 currencies, whereas we find mixed results for emerging market currencies. We also examine a volatility management procedure to all

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Mishina, V. Y., and L. I. Khomyakova. "Dedollarization and settlements in national currencies: Eurasian and Latin American experience." Voprosy Ekonomiki, no. 9 (September 5, 2020): 61–79. http://dx.doi.org/10.32609/0042-8736-2020-9-61-79.

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In light of the sanction pressure on Russia, as well as a sharp deterioration in the global financial system under the conditions of the coronavirus pandemic in 2020, it is expedient to increase operations in the national currencies of the Eurasian Economic Union (EAEU). The purpose of the study is to consider the Eurasian and the Latin American experience of dedollarization and the advancement of settlements in national currencies and to propose measures for creating a comprehensive program to promote settlements in the national currencies of the EAEU countries. The article analyzes the dynam

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Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo. "Understanding the Forward Premium Puzzle: A Microstructure Approach." American Economic Journal: Macroeconomics 1, no. 2 (2009): 127–54. http://dx.doi.org/10.1257/mac.1.2.127.

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High interest rate currencies tend to appreciate relative to low interest rate currencies. We argue that adverse selection problems between participants in foreign exchange markets can account for this “forward premium puzzle.” The key feature of our model is that the adverse selection problem facing market makers is worse when an agent wants to trade against a public information signal. So, when based on public information, the currency is expected to appreciate, there is more adverse selection associated with a sell order than with a buy order. (JEL E43, F31, G15)

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Kumar, Satish, and Rajesh Pathak. "Do the calendar anomalies still exist? Evidence from Indian currency market." Managerial Finance 42, no. 2 (2016): 136–50. http://dx.doi.org/10.1108/mf-05-2015-0146.

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Purpose – The purpose of this paper is to examine the presence of the day-of-the-week (DOW) and January effect in the Indian currency market for selected currency pairs; USD-(Indian rupee) INR, EUR-INR, GBP-INR and JPY-INR, from January, 1999 to December, 2014. Design/methodology/approach – Ordinary least square regression analysis is used to examine the presence of DOW and January effect to test the efficiency of the Indian currency market. The sample period is later divided into two sub-periods, that is, pre- and post-2008 to capture the behavior of returns before and after the 2008 financia

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Tsuji, Mineo, and Mitsuki Hiraiwa. "An Analysis of the Internal Consistency of the New Accounting Standard for Virtual Currencies in Generally Accepted Japanese Accounting Principles." International Journal of Systems and Service-Oriented Engineering 8, no. 2 (2018): 30–40. http://dx.doi.org/10.4018/ijssoe.2018040103.

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While there is no specific guidance in IFRS or US GAAP on accounting for virtual currencies, the ASBJ issued the PITF on the Accounting for Virtual Currencies under the PSA on March 14, 2018 as part of J-GAAP. The standard subscribes that, if an active market exists for the virtual currency, such a virtual currency should be measured using the market price at the balance sheet date, and any difference between the carrying amount should be recognized as a gain or loss. This article examines logically the internal consistency of the accounting information of virtual currencies subscribed by the

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Zou, Lixing. "Digital Currencies and Relevant Policy Analysis." Research in Economics and Management 6, no. 3 (2021): p1. http://dx.doi.org/10.22158/rem.v6n3p1.

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The paper collates the relations of digital currencies with the past forms of currencies, studies the operating mechanism of digital currencies, analyzes the influence of digital currencies on the financial order and economic pattern, and probes into how to drive the reform of global monetary system with pragmatic and innovative efforts. The paper highlights: First, the evolution and development of currency reflects the mankind’s social and economic development level. Second, digital currency born with the advances of technology does not change the content of credit money. The credit money-to-

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Włosik, Katarzna. "Liquidity of bitcoin – insights from Polish and global markets." Ruch Prawniczy, Ekonomiczny i Socjologiczny 81, no. 3 (2019): 167–83. http://dx.doi.org/10.14746/rpeis.2019.81.3.11.

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Bitcoin can be exchanged for other cryptocurrencies as well as for fiat currencies on many different platforms. Nevertheless, its real convertibility may be limited by market liquidity. The main aim of this article is to characterize and compare big and small bitcoin markets in terms of liquidity. I examine four platforms with high trade volume: Kraken, Bitstamp, BitFlyer and BTCBOX, as well as small entities which enable bitcoin to be traded in Polish zloty: BitBay and BitMarket. I compare the number of trades and the time between trades on selected bitcoin markets, determine the volume distr

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Padungsaksawasdi, Chaiyuth, and Ali Parhizgari. "Major Currency ETFs and Their Associated Spot and Futures Rates." Review of Pacific Basin Financial Markets and Policies 20, no. 04 (2017): 1750026. http://dx.doi.org/10.1142/s0219091517500266.

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To find a substitute vehicle for a direct investment in currencies, we study the behaviors of six major currency exchange-traded funds (ETFs) and their respective spot and futures markets prior to and during the financial crisis of 2008. Our findings indicate that currency ETFs are near-perfect substitutes for a direct investment in currencies. We observe statistically significant differences in market behavior from the non-crisis subperiod to the crisis subperiod. Notwithstanding these differences, the price discovery of both the spot and the futures currency markets relative to their associa

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RUBANOV, Pavlo. "Stages of development and types of virtual currencies." Economics. Finances. Law, no. 11/3 (November 21, 2019): 24–28. http://dx.doi.org/10.37634/efp.2019.11(3).5.

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Introduction. The emergence of cryptocurrencies was preceded by the development of other varieties of virtual currencies, including game currencies, which were purely electronic and independent of government influence. Research of virtual currencies is the basis for understanding the essence of modern cryptocurrency, determining their status, identifying major risks and threats associated with their circulation. The purpose of the article is to study the nature and evolution of virtual currencies, approaches to their classification, and to analyze common and distinctive features of gaming curr

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Rouhani, Saeed, and Ehsan Abedin. "Crypto-currencies narrated on tweets: a sentiment analysis approach." International Journal of Ethics and Systems 36, no. 1 (2019): 58–72. http://dx.doi.org/10.1108/ijoes-12-2018-0185.

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Purpose Crypto-currencies, decentralized electronic currencies systems, denote a radical change in financial exchange and economy environment. Consequently, it would be attractive for designers and policy-makers in this area to make out what social media users think about them on Twitter. The purpose of this study is to investigate the social opinions about different kinds of crypto-currencies and tune the best-customized classification technique to categorize the tweets based on sentiments. Design/methodology/approach This paper utilized a lexicon-based approach for analyzing the reviews on a

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43

Moore, Julia. "Mozart in the Market-Place." Journal of the Royal Musical Association 114, no. 1 (1989): 18–42. http://dx.doi.org/10.1093/jrma/114.1.18.

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Mozart's financial situation has been the subject of controversy and speculation since his death in December 1791, when a rumour circulated through Vienna that he had left debts of 30,000 fl. (see Table 1 for information on currencies). Although this fantastic figure was ten times too high, his widow's situation was indeed precarious, at least at first.

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Boschen, John F., and Kimberly J. Smith. "The Uncovered Interest Rate Parity Anomaly And Foreign Exchange Market Turnover." International Business & Economics Research Journal (IBER) 11, no. 3 (2012): 299. http://dx.doi.org/10.19030/iber.v11i3.6862.

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The uncovered interest rate parity (UIP) anomaly is that high interest rate currencies appreciate, rather than depreciate, against low interest rate currencies. We show that the UIP anomalies apparent in six major currency pairs have diminished over our 1995-2010 sample period. We further show that the observed decline in deviations from UIP is associated with the substantially higher transaction volume now present in the foreign exchange markets. We interpret our findings as consistent with the proposition that the UIP anomaly dissipates as the foreign exchange markets become more efficient.

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Donmez, Cem Cagri, Doruk Sen, Ahmet Fatih Dereli, M. Bilal Horasan, Cagri Yildiz, and Nergis Feride Kaplan Donmez. "An Investigation of Fiat Characterization and Evolutionary Dynamics of the Cryptocurrency Market." SAGE Open 11, no. 1 (2021): 215824402199480. http://dx.doi.org/10.1177/2158244021994809.

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Recent developments in global financial markets revealed that cryptocurrencies experienced rapid growth due to the popularity of blockchain technology and its evolving position in the digital finance industry. The rise of cryptocurrencies led economists to question generally accepted financial practices. Particularly the interaction between two different types of financial markets arose as a hot research topic to discover specific relationships and differences between major cryptocurrencies and fiat currencies. Therefore, this article aims to examine analyze by attaching importance to the Bitc

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AJAZ, TAUFEEQ, and ANOOP S. KUMAR. "HERDING IN CRYPTO-CURRENCY MARKETS." Annals of Financial Economics 13, no. 02 (2018): 1850006. http://dx.doi.org/10.1142/s2010495218500069.

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We test for herding in crypto-currency markets using the CSAD method of Chang et al. (2000). Daily returns of 6 major crypto-currencies and market index CCI30 for the period 07-08-2015 t0 18-01-2018 is used. Possibility of herding under up and down market and high and low volatility is tested. Herding is found under up and down market activity, indicating over-enthusiasm and over-reaction. Market volatility is found not to have any significant impact on herding behavior. Herding is found to be dependent upon the market activity rather than market volatility.

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Rao, K. S. Madhava, and Anjana Ramachandran. "Exchange Rate Market Sentiment Analysis of Major Global Currencies." Open Journal of Statistics 04, no. 01 (2014): 49–69. http://dx.doi.org/10.4236/ojs.2014.41006.

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Chadwick, Meltem Gülenay, Fatih Fazilet, and Necati Tekatli. "Understanding the common dynamics of the emerging market currencies." Economic Modelling 49 (September 2015): 120–36. http://dx.doi.org/10.1016/j.econmod.2015.03.011.

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Mikołajewicz-Woźniak, Alicja, and Anna Scheibe. "Virtual currency schemes – the future of financial services." Foresight 17, no. 4 (2015): 365–77. http://dx.doi.org/10.1108/fs-04-2014-0021.

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Purpose – The purpose of the paper is to determine the future role of virtual currencies. This paper indicates their pros and cons as alternatives to “real” money and explains their appearance as the reflection of the present trends. It also presents the possible scenarios of their development. Design/methodology/approach – The paper is based on the former foresight research results and literature review. It highlights the main trends in contemporary economy and their impact on financial services. The Bitcoin case is the starting point for the virtual currencies’ market analysis and constructi

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MORENI, NICOLA, and ANDREA PALLAVICINI. "DERIVATIVE PRICING WITH COLLATERALIZATION AND FX MARKET DISLOCATIONS." International Journal of Theoretical and Applied Finance 20, no. 06 (2017): 1750040. http://dx.doi.org/10.1142/s0219024917500406.

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We present a general derivation of an arbitrage-free pricing framework for multiple-currency collateralized products. We include the impact on option pricing of the policy adopted to fund in foreign currency, so that we are able to price contracts with cash flows and/or collateral accounts expressed in foreign currencies inclusive of funding costs originating from dislocations in the foreign exchange market. Then, we apply these results to price cross-currency swaps under different market situations to understand how to implement a feasible curve bootstrap procedure. We present the main practi

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