Bitcoin has enjoyed wider adoption than any previous crypto-currency; yet its success has also attracted the attention of fraudsters who have taken advantage of operational insecurity and transaction irreversibility. We study the risk investors face from Bitcoin exchanges, which convert between Bitcoins and hard currency. We examine the track record of 40 Bitcoin exchanges established over the ...

This paper presents a institutional framework for the currency basket peg system. After the Asian currency crisis, the needs of seeking adaptive currency system has risen up but the best currency system has not still appeared. In this paper, we propose the model of “the currency basket peg system”. This model realize the currency basket peg system on the computer. With using it, we investigate ...

This paper examines how unhedged currency exposure of firms varies with changes in currency flexibility. A sequence of four time periods with alternating high and low currency volatility in India provides a natural experiment in which changes in currency exposure of a panel of firms is measured, and the moral hazard versus incomplete markets hypotheses tested. We find that firms carried higher ...

In this paper, based on error correction model by using panel data, an empirical analysis of demand for international reserves for 16 Islamic countries is investigated. Besides addressing conventional issues, the model explicitly incorporates the impact of expected export revenues and the impact of the exchange rate system on reserve demand. The results reveal that, short run money market diseq...

with considering a ‘triangle of three major currency pairs’, there is a tiny difference between multiplication of exchange rate for the first two currency pairs and the third. to discover whether this little difference can lead to a neutral arbitrage or not, i took portfolios of 35 baskets of three major currency pairs(combinations of all 7 major currencies). there are eight approaches (differe...

Based on the global economic downturn, price of Bitcoin has recovered, and new investors are constantly pouring into market. To ensure that have a basic understanding avoid unnecessary losses, this article will analyze Bitcoin's Trading Mechanisms, Price Influencers, Recommendations The main research finds when is used as currency, commodity, risk asset, digital gold, factors quite different. F...