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In this work, assuming as a model the Multifractional Processes with Random Exponent (MPRE), we propose a simulation algorithm able to replicate financial time series, specifically pertaining to the FX market. We show how, properly choosing the functional parameter of the MPRE, the simulated...
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: the RMB’s inclusion into the SDR Basket -- 4. Macro Financial Risks of RMB Internationalization -- 5. RMB Exchange Rate …
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preferences over bundles. Agents may benefit from trade. An exchange rule is a mapping that, for each profile of preferences …, calculates for each agent a trade that he finds acceptable, given his preferences. It is known that no strategy-proof exchange … insist upon Pareto efficiency, how frequently will the exchange rule be manipulable? We identify a large subdomain, D, of …
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