The objective of this paper is to analyze short-term contagion effects in emerging currency markets. The originality of our paper lies in our survey used to present the microstructure of emerging currency markets and our empirical approach to contagion analysis through an estimation of tail dependence between pair currencies employing multivariate extreme value theory for the verification of re...

The internet era has generated a requirement for low cost, anonymous and rapidly verifiable transactions to be used for online barter, and fast settling money have emerged as a consequence. For the most part, e-money has fulfilled this role, but the last few years have seen two new types of money emerge. Centralised virtual currencies, usually for the purpose of transacting in social and gaming...

Correlation matrices of foreign exchange rate time series are investigated for 60 world currencies. Minimal Spanning Tree (MST) graphs for the gold, silver and platinum are presented. Inverse power like scaling is discussed for these graphs as well as for four distinct currency groups (major, liquid, less liquid and non-tradable). The worst scaling has been found for USD and related currencies.

Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within emerging Asia. Trading of emerging market currencies is positively related to the size of cross-bord...

The purpose of this paper is twofold: (i) to investigate some the main issues surrounding classification digital currencies, and (ii) identify accounting practices standards tied currencies. This discusses two different types including: central bank currencies (CBDCs) privately issued cryptocurrencies such as Bitcoin. findings study suggest that current do not precisely cover treatment even tho...

ƒ This article focuses on digital currencies issued by Internet platforms such as Facebook and Amazon. Depending on the platform’s business model, its digital currency may be equipped with different attributes that affect how users can acquire, transfer or redeem the digital currency. In most cases, platforms restrict the functionality of their digital currencies to enhance the business model a...

Abstract Can massive online retailers such as Amazon and Alibaba issue digital tokens that potentially compete with bank debit accounts? There is a long history of trading stamps loyalty points, but new technologies are poised to sharply raise the significance redeemable assets store value. Here, we develop simple stylized model can be used study sales pricing strategies for issuing tokens, inc...

Paper currencies around the world are usually made of a cellulose based paper which can adsorb cocaine onto the surface, and when a person handling cocaine subsequently touches paper money, or uses the bill as a tool to inhale cocaine, the currency easily becomes contaminated. When this contaminated paper money comes into contact with other bills, the cocaine is easily transferred from one bill...