Monetary transactions are integral part of our day to day activities, so currency authentication has become one of the active research area at present and it has vast potential applications. In this paper we introduced a system to verify the authentication of banknotes bench mark dataset using computer vision. We considered 1372 samples of various bank notes in our work. The technology of curre...

We address three questions: (i) Can classical models be reconciled with the fact that many crises are marked by high rates of depreciation and small increases in seignorage revenue? (ii) What are the implications of different financing methods for post-crisis rates of inflation and depreciation? (iii) How do governments pay for the fiscal costs associated with currency crises? To study these qu...

This paper attempts to examine the securitization, negotiability and profitability aspects of three types of muèŒrabah instruments; namely, asset-enfaced muèŒrabah instruments, currency-enfaced muèŒrabah instruments representing monetary contributions and currency-enfaced muèŒrabah instruments representing real assets. This paper begins with a distinction between ribŒ (usury) and profit and con...

Fitness classification is a technique to assess the quality of banknotes in order to determine whether they are usable. Banknote classification techniques are useful in preventing problems that arise from the circulation of substandard banknotes (such as recognition failures, or bill jams in automated teller machines (ATMs) or bank counting machines). By and large, fitness classification contin...

the aim of this research is to analyse of empirical relationship of fiscal policy and iranian trade account in the years 1338-1385(1959-2006). in and econometrics model the methods of engle and granger (1987), johansen (1988), ardl, pessaran and shin(1998), philips and hansen(1990), have been used to find out the effects of variables such as government expenditures(the component of public deman...

Nineteen recent studies have investigated the effect of currency union on trade, resulting in 383 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard signi...

Abstract Financial crises and currency instabilities within developing and emerging economies during the last decade had a tremendous impact on the economic performance and increased vulnerability of economies against domestic and foreign shocks. The timing of capital liberalization is one of the significant debates among other issues related to currency instability, and it would be more conven...

Stress in financial markets influences economic agents’ behavior by creating uncertainty and changing the expectations. Critical financial stress can lead to financial crisis. Financial crises are among the events always present in the world economy. Iran is not an exception. This paper aims to study the impact of financial stresses on Iran’s per capita GDP. By using ARDL (Auto Regressive Distr...

This study examines the effects of taxes on the real exchange rate through their marginal impacts on economic activity. We develop a model that shows that an increase in the capital interest tax rate leads to real domestic currency depreciation while an increase in wage or consumption tax rates lead to a real domestic currency appreciation. These theoretical findings are supported by an empiric...

Despite success along some dimensions, international business cycle models have difficulty replicating several salient features of international capital flows among developed countries. In particular, net exports and current account balances are much more persistent in the data than in standard models. We account for this feature of the data with a simple onegood two-country model in which tech...