Search results for "Currency"
showing 10 items of 165 documents
FPGA-based concurrent watchdog for real-time control systems
2003
A straightforward and efficient implementation of a custom concurrent watchdog processor for real-time control systems is presented. Emphasis is given to the techniques used for on-line checking the main processor activity without adding overhead, and to the advantages of a field programmable gate array implementation.
Taxonomy of stock market indices
2000
We investigate sets of financial non-redundant and nonsynchronously recorded time series. The sets are composed by a number of stock market indices located all over the world in five continents. By properly selecting the time horizon of returns and by using a reference currency we find a meaningful taxonomy. The detection of such a taxonomy proves that interpretable information can be stored in a set of nonsynchronously recorded time series.
Development of virtual money as a response to the imperfections of the modern financial system
2018
This article attempts to answer the question what factors led to the establishment of bitcoin - the first digital money which is completely private and independent of central banks or any other supervisory authority. In the article enumerated many factors, but indicated the most important which was the global financial crisis in 2008. Additionally, the article presents the genesis of bitcoin, the comparison to classic money and its unique features which are also the reasons for its unprecedented popularity.
Asset Market Equilibria in Cryptocurrency Markets: Evidence from a Study of Privacy and Non-Privacy Coins
2019
This paper explores whether asset market equilibria in cryptocurrency markets exist. In doing so, it distinguishes between privacy and non-privacy coins. Most recently, privacy coins have attracted increasing attention in the public debate as non-privacy cryptocurrencies, such as Bitcoin, do not satisfy some users’ demands for anonymity. Analyzing ten cryptocurrencies with the highest market capitalization in each sub-market in the 2016–2018 period, we find that privacy coins and non-privacy coins exhibit two distinct market equilibria. Contributing to the current debate on the market efficiency of cryptocurrency markets, our findings provide evidence of market inefficiency. Moreover, the a…
The Politicisation of Banking
1985
Growing government intervention in the international currency markets has distorted incentives and disguised risks. Rodney Atkinson, formerly an economist with Grindlay's Bank, argues that increasing state interference has led bankers to respond to political, not commercial, signals. Many bankers are now rewarded according to their ability to ‘work the system’ rather than for economic expertise.
Bank Erosion and Secondary Circulation in a Meandering Laboratory Flume
2014
Abstract This paper reports peculiar results of experimental investigation on the secondary circulation motion of flow along a meander wave. Experiments were conducted in a large amplitude meandering laboratory channel for two values of the width-to-depth ratio. Here attention is focalized on how secondary motion affects the bank shear stress distribution, influencing the stability of the outer bank. The analysis essentially highlights that, especially for small width-to-depth ratio, as the channel curvature increases, besides the classical central-region secondary circulation cell a counter-rotating circulation cell forms in the outer-bank region. Such counter-rotating circulation cell all…
The effect of the launch of bitcoin futures on the cryptocurrency market: an economic efficiency approach
2021
We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the cryptocurrency market. However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.
Kriptovalūtas izpratne un bažas par jaunākajām paaudzēm
2021
Autore šajā pētījumā analizē pašreizējo izpratni kriptovalūtu pasaulē un digitālās valūtas drošības stāvokli, un pētījuma mērķis ir atbildēt uz jautājumu, vai cilvēki ir informēti par kriptonauda un vai tā ir pietiekami droša lietošanai dienā vai nē dienas laikā kā viens no oficiālajiem maksājumu pakalpojumiem un lai atbildētu uz šo jautājumu, autore ir analizējusi teorētiskās koncepcijas, kas saistītas ar kriptovalūtu, un izstrādājusi anketu, lai to nosūtītu gan darbinieku, gan pašreizējās paaudzes studentu paraugam, lai iegūtu izpratnes perspektīvu un viņu komfortu par valūtas drošību tika veikta arī intervija ar vienu no apmaiņā strādājošajiem ekspertiem, lai uzzinātu uzņēmumu un organiz…
We Had to Feed the People: The Italian Lira and the Political Economy of Currency in British Eritrea, 1941–1950
2021
Following the occupation of Eritrea in 1941, British authorities in London promoted a currency policy aimed at replacing the Italian lira with a sterling-based currency basket. In May 1942, they opted for the enforcement of the East African shilling as the new legal tender. The lire, however, did not disappear overnight. Their circulation was tolerated—and, in some cases, even encouraged—by British authorities in Asmara, which exploited the small deal of autonomy they enjoyed from London to adapt the new monetary system to the needs of local governance. The case study is a useful lens to analyse the multiplicity of interests that shaped the political economy of currency of the United Kingdo…
Debating Sound Money in Early Modern Europe: From Dualist to Metallic Monetary Systems
2019
International audience; In this paper, we present the monetary debates in Europe from the XVIth to the XVIIIth centuries from the viewpoint of the problem of good and sound money. The framework of the paper is built on a typology of monetary systems, by which a dualist system is distinguished from a metallic one. Under the dualist system, the value in units of account of the specie in circulation was defined by monetary proclamations (Einaudi locates this era from Charlemagne to the French Revolution). Metallist proponents aimed at preventing any kind of manipulations with a radical transformation of the system of payment, which gave birth to a metallic monetary system from the very end of …