This paper relies on wavelet multiresolution analysis to investigate the dependence structure and predictability of currency markets across different timescales. It explores the nature and direction of causality among the exchange rates with respect to the US dollar of the most widely traded...

The economy globalization measure problem is discussed. Four macroeconomic indices of twenty among the “richest” countries are examined. Four types of “distances” are calculated. Two types of networks are next constructed for each distance measure definition. It is shown that the...