Search results for "currency"
showing 10 items of 165 documents
A Novel Optimization for GPU Mining Using Overclocking and Undervolting
2022
Cryptography and associated technologies have existed for a long time. This field is advancing at a remarkable speed. Since the inception of its initial application, blockchain has come a long way. Bitcoin is a cryptocurrency based on blockchain, also known as distributed ledger technology (DLT). The most well-known cryptocurrency for everyday use is Bitcoin, which debuted in 2008. Its success ushered in a digital revolution, and it currently provides security, decentralization, and a reliable data transport and storage mechanism to various industries and companies. Governments and developing enterprises seeking a competitive edge have expressed interest in Bitcoin and other cryptocurrencie…
Interpretation of the Russian accounting information
2001
Form Currency Unions to a World Currency: A Possibility?
2007
The purpose of this paper is to analyze the main macroeconomic determinants of benefits and costs by undertaking processes of monetary integration and to investigate the possibility that currency unions could lead to the creation of a global currency in the future. In particular, we will consider two main determinants of costs and benefits predicted by the theory of Optimum Currency Areas: (i) the business-cycle correlation between the candidate’s economy and that of the currency zone as a whole, and (ii) the candidate economy’s inflation gain. Using this methodology, the results of the paper provide empirical evidence of the existence of several optimal currency areas in the world. Moreove…
Valūtas un valūtas kursa svārstību ierobežošana ilgtermiņa līgumos
2017
Bakalaura darbs „Valūta un valūtas kursa svārstību ierobežošana ilgtermiņa līgumos” sniedz ieskatu jautājumos par maksājuma izdarīšanas valūtu un valūtas kursa svārstību ierobežošanu līgumā. Darba mērķis ir izpētīt, kādā valūtā maksājums izdarāms, ja puses līgumā par to tieši nav vienojušās, kā arī noskaidrot efektīvākos valūtas kursa svārstību ierobežošanas veidus. Pētījuma rezultātā autore konstatē kritērijus, atbilstoši kuriem tiek noteikta maksājuma izdarīšanas valūta un identificē efektīvākos mehānismus valūtas kursa svārstību ierobežošanai līguma ietveros. Atslēgvārdi: valūta, valūtas kurss, valūtas kursa svārstības, darījuma risks, valūtas de-valvācija, valūtas revalvācija.
RISKS OF DISREGARDING THE INCOMPATIBLE TRINITY RULE: THE SWISS FRANC CRISIS CASE
2015
When designing economic policies, governments must take account not only of economic laws but also of certain rules of thumb. The incompatible trinity is such rule, which states that a country cannot simultaneously have a fixed exchange rate regime, mobility of foreign capital and an independent monetary policy. Traditionally, the rule has been generally observed, whether knowingly or not. The recent crisis triggered by the removal of cap on the Swiss franc is an illustrative example of what might happen if the said rule is disregarded.
Emerging Economies Faced With The Downside Of Financial Globalization: Hedges And Way Outs
2009
The underlining assumption of this paper is that developing countries are in a fragile state nowadays. Economically, they have been seriously harmed by the 2008 crisis1 but this is not the end of the story: the future still has pitfalls in which these economies might get trapped, due to their enhanced vulnerability to exogenous shocks generated by financial globalization. Ideologically, the recent events have triggered a serious backlash against capitalism, particularly the Anglo-Saxon template. Getting an insight into the causes and implications of global economic crises is therefore critical for policy-makers in emerging economies. History might be a good adviser in this respect. Lessons …
Różnice kursowe w podatkach dochodowych w działalności przedsiębiorców
2015
The emergence and development of the cryptocurrency as a sign of global financial markets financialisation
2022
The article presents one of the most important, in the author's opinion, manifestations of further intensification of the processes of financialisation of global financial markets, which was the emergence of decentralized digital currencies (so-called cryptocurrencies) based on blockchain technology. Their creation and existence on the global financial market have been widely considered as one of significant effect of the global financial crisis, which symbolic beginning is September 15, 2008, when one of the largest US investment banks Lehman Brothers collapsed. The worldwide COVID-19 pandemic has only highlighted the importance of this effect of financialization. The purpose of the articl…
The Dynamics of Currency Substitution: Evidence from UK Foreign Currency Balances
2006
This study evaluates the magnitude of the permanent and the transitory components of currency substitution in the UK. The results indicate that the permanent component, the ratchet effect, accounted only for a small share while the aggregate temporary component, speculation, whose impact lasts about one month, was responsible for most of the dynamics of UK currency substitution. The findings thus lend support to the view that at worst currency substitution would only cause short-run problems for the UK economy.
BUSINESS CYCLE SYNCHRONIZATION BETWEEN ROMANIA AND THE EURO AREA. A FRESH LOOK IN VIEW OF THE RECENT CRISIS
2012
This paper examines the degree of business cycles synchronization between Romania and the Euro area, by using Germany as a benchmark for the area economic cycle. The period of the study is 2000 - 2011, with a special emphasis on the recent economic and financial crisis. Using the Hodrick-Prescott filter, we find important, but decreasing correlations in times of crisis in the level of GDP. Furthermore, the analysis by GDP components reveals that private consumption remains the least correlated with the Euro area, while foreign trade is highly correlated and its synchronization even increased during the recent crisis.