Ogawa, Eiji; Muto, Makoto - In: Journal of risk and financial management : JRFM 12 (2019) 1/10, pp. 1-31
euro, the Japanese yen, the British pound, and the Swiss franc) in a utility function. We call the coefficients utilities … single common currency for European countries. On one hand, the utility of the Japanese yen has been declining as an …