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Bitcoin is a digital cryptocurrency that has attracted substantial interest in recent years from the general people …, after 2015, it has succeeded to gain even more attention for increase in value and volume of exchange. The Bitcoin system … and present status of bitcoin blockchain in different countries around the world. The various aspects this technology in …
Persistent link: https://www.econbiz.de/10012913440
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
Commemorative coins made for circulation, in addition to their numismatic function, may affect monetary stability, if some prerequisites are fulfilled and certain measures of monetary policy implemented. Those who issue such commemorative coins may combine these functions to bring about some...
Persistent link: https://www.econbiz.de/10005621850
The subject of study of monetary economy is money, its forms and functions and its economic and reproductive role. Since modern money is a very heterogeneous category, an adequate money issue policy makes it possible with particular forms of money to achieve some additional effects. This...
Persistent link: https://www.econbiz.de/10005260311
International monetary system made by agreement in Bretton – Woods, is widely known to be the system of fixed exchange rates with allowed +/- 1% band of oscillation. As such, it is viewed as the period of exchange rates stability. However, our analysis of Reinhart – Rogoff’s (2004)...
Persistent link: https://www.econbiz.de/10005042697
Using a critical analysis of the acquired data, this article mainly aims to present the currency composition of the foreign currency reserves of central banks in selected countries in the 1999-2007 period and, on this basis, to establish whether the euro stands any real chances of dethroning the...
Persistent link: https://www.econbiz.de/10005616598
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
The paper is focusing on the world financial framework deterioration, as an adverse cost of the accelerated globalization of international goods & capital flows. The inclining of world monetary axis towards East by the accumulation of huge international reserves (in a few Asian countries) in...
Persistent link: https://www.econbiz.de/10008642668
The anonymity of Bitcoin prevents analysis of its users. We collect Google Trends data to examine determinants of … interest in Bitcoin. Based on anecdotal evidence regarding Bitcoin users, we construct proxies for four possible clientele … search terms are positively correlated with Bitcoin interest, while Libertarian and investment terms are not. …
Persistent link: https://www.econbiz.de/10011107469