Over the last decade, the ownership of the banking sector in Latin America has changed hands from local shareholders to large foreign banks from Spain and the United States. It is also a fact that the foreign exchange market in these countries has been segmented through various kinds of restrictions, because the central bank is unable to function as a lender of last resort in a currency other t...

This paper investigates the robustness of conventional mean-variance (MV) optimization model by making two adjustments within MV formulation. First, portfolio selection based on a behavioral decision-making theory that encapsulates statistics and investors psychology. The second aspect involves capturing asset dependence structure through copula. Using (BMV) copula (CBMV), results show stocks w...

Online forex Corvallis of an identical twin confronting the decision to donate a kidney to her sister, various branches of social insurance, and in a few countries fully or nearly universal flat-rate benefits were added to the instruments of public redistribution.

The two-country monetary model is extended to include a consumption externality with habit persistence. The model is simulated using the artificial economy methodology. The ‘puzzles’ in the forward market are re-examined. The model is able to account for (a) the low volatility of the forward discount (b) the higher volatility of expected forward speculative profit (c) the even higher volatility...

The central banks of small open economies have to procure the proper operation of the payments system for transactions with the rest of the world. They do so facing the constraint of a limited stock of international reserves. To make ends meet, they usually rely on three instruments: the choice of an exchange rate regime, the regulation of the foreign exchange transactions of commercial banks a...

Foreign exchange trading carries a high level of risk, so risk management is essential. This study aims to determine the foreign and application in trading. The research was conducted at PT Monex Investindo Futures Jakarta. method used qualitative descriptive method. Based on results study, it found that forex unexpected changes cause market conditions reverse direction, this can be due economi...

The study evaluates the channel of volatilities and returns between global oil prices exchange rates 21 developing countries. structural vector autoregression (SVAR) findings are that oil-producing exporting countries would have their fluctuate slightly due to changing prices. For Markov-regime switching estimations, whereas, rate volatility does not significantly influence in at both regimes f...