Artificial Currency Units PDF Download

Author: Joseph Aschheim
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 44

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Author: Julian Walmsley
Publisher: John Wiley & Sons
ISBN: 9780471348986
Category : Business & Economics
Languages : en
Pages : 546

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Die Devisenmärkte haben sich in den letzten Jahren enorm verändert. Der Markt für SWAP-Geschäfte ist beträchtlich gewachsen, der EURO spielt eine große Rolle und derivate Instrumente nehmen täglich zu. Durch diese Entwicklungen hat sich die internationale Geschäftsabwicklung für die kommenden Jahre nachhaltig verändert. Dies ist die komplett überarbeitete und erweiterte 2. Auflage des berühmten Klassikers "Foreign Exchange and Money Market Guide". Es ist ein praktischer und verständlich geschriebener Leitfaden, der Informationen bietet zu allen wichtigen internationalen Märkten.

Author: Laurent L. Jacque
Publisher: Springer Science & Business Media
ISBN: 9400918062
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
Since I first published Management of Foreign Exchange Risk (Lexington Books, 1978), financial innovation-spurred, in part, by exploding volatility in currency prices-has revolutionized the theory and praxis of foreign exchange risk management. Old-fashioned forward contracts have surrendered market share to currency swaps and options as well as to their perpetually multiplying derivatives. Interestingly, forex derivatives now provide a low cost and highly efficient method of transferring risk from the firms that are exposed to risk but which would rather not be (i. e. , risk-hedgers) to those which are not exposed but which-in exchange for a fee-would assume some exposure to risk (i. e. , risk bearers). Perhaps more importantly, foreign exchange risk management, which was once a fairly mechanical task confmed to the international treasury function, is now permeating global strategic management. Indeed, since the demise of the Bretton Woods system of pegged exchange rates, the cost of forex hedging instruments has fallen so dramatically that firms can readily avail themselves of hedging products which can reduce unwanted risk, thereby potentially gaining a competitive advantage over rivals that do not. Management and Control of Foreign Exchange Risk has grown out of a fundamental revision of my earlier work published almost 20 years ago. In the process, my thinking about risk and its mathematics has greatly benefitted from my association with John Cozzolino and Charles Tapiero.

Author: Ronald I. McKinnon
Publisher: New York : Oxford University Press
ISBN: 0195024095
Category : Foreign exchange
Languages : en
Pages : 307

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Book Description
How do nations trade when no purely international money exists? This book describes how the use of national currencies, only some of which have the important international property of being convertible, allows most of world trade to be effectively monetized rather than bartered. Professor McKinnon's analysis represents the first attempt to focus on the microeconomic and monetary aspects of international exchange, and addresses unresolved problems in securing mutual monetary adjustment among the world's great trading economies.

Author: Benjamin J. Cohen
Publisher: Routledge
ISBN: 1136845887
Category : Political Science
Languages : en
Pages : 210

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Book Description
Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.

Author: Mr.George M. Von Furstenberg
Publisher: International Monetary Fund
ISBN: 0939934272
Category : Business & Economics
Languages : en
Pages : 612

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Book Description
Edited by George M. von Furstenberg, this volume presents the rethinking of the functions and purposes served by international monetary arrangements at leading universities, banks, and official institutions.

Author: Israel Cedillo Lazcano
Publisher: Bloomsbury Publishing
ISBN: 1509969691
Category : Law
Languages : en
Pages : 283

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Book Description
This book poses the question: do we need a new body of regulations and the constitution of new regulatory agents to face the evolution of money in the Fourth Industrial Revolution? After the Global Financial Crisis and the subsequent introduction of Distributed Ledger Technologies in monetary matters, multiple opinions claim that we are in the middle of a financial revolution that will eliminate the need for central banks and other financial institutions to form bonds of trust on our behalf. In contrast to these arguments, this book argues that we are not witnessing a revolutionary expression, but an evolutionary one that we can trace back to the very origin of money. Accordingly, the book provides academics, regulators and policy makers with a multidisciplinary analysis that includes elements such as the relevance of intellectual property rights, which are disregarded in the legal analysis of money. Furthermore, the book proposes the idea that traditional analyses on the exercise of the lex monetae ignore the role of inside monies and technological infrastructures developed and supported by the private sector, as exemplified in the evolution of the cryptoassets market and in cases such as Banco de Portugal v Waterlow & Sons. The book puts forward a proposal for the design and regulation of new payment systems and invites the reader to look beyond the dissemination of individual Distributed Ledger Technologies such as Bitcoin.

Author: W.J. Miller
Publisher: Springer Science & Business Media
ISBN: 9400941072
Category : Business & Economics
Languages : en
Pages : 382

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Book Description
International trade is vital to the well-being of the international market. No textbook suited virtually every nation, because no nation is my purpose, so I set about to write one. capable of satisfying its material needs beyond the subsistence level entirely from domestic My first task was to define my terms-tar iffs, non-tariff barriers, shipping terminology, resources. As a nation's technology advances and edu etc. As this labor progressed over many cational levels improve, heavy industry and months, it became evident there was need for manufacturing are often supplanted by serv an encyclopedic reference work which fo ice industries, as evidenced by the economies cused upon international trade. My enquiries of Europe, North America, and Japan. The having divulged no similar work in English, I shift to a service economy increases import decided to concentrate efforts upon an reliance, especially in the areas of consumer encyclopedia. products and basic industrial commodities, In selecting entries, it was my intention to such as steel. This transition creates opportu provide the reader with a cross section of nities-in the form of new markets and lower terminology of the various aspects of interna unit costs-but also begets confrontation as tional trade-marketing, taxation, shipping, lower priced imports displace domestic work law, accounting, etc. Each entry, it is hoped, is ers, and charges of unfair competition congeal sufficiently descriptive to define the topic ade into protectionist policies. quately, without extraneous detail or digres Unfortunately, the process of international sion.

Author: Laurent L. Jacque
Publisher: John Wiley & Sons
ISBN: 1119550432
Category : Business & Economics
Languages : en
Pages : 851

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Book Description
As globalization is redefining the field of corporate finance, international finance is now part and parcel of the basic literacy of any financial executive. This is why International Corporate Finance is a “must” text for upper-undergraduates, MBAs aspiring to careers in global financial services and budding finance professionals. International Corporate Finance offers thorough coverage of the international monetary system, international financing, foreign exchange risk management and cross-border valuation. Additionally, the book offers keen insight on how disintermediation, deregulation and securitization are re-shaping global capital markets. What is different about International Corporate Finance? Each chapter opens with a real-life mini-case to anchor theoretical concepts to managerial situations. Provides simple decision rules and “how to do” answers to key managerial issues. Cross-border Mergers & Acquisitions, Project Finance, Islamic Finance, Asian Banking & Finance are completely new chapters that no other textbooks currently cover. Accompanied with a comprehensive instructor support package which includes case studies, an Instructor’s Manual, PowerPoint slides, Multiple Choice Questions and more.

Author: Michael J. Boskin
Publisher: Academic Press
ISBN: 148326100X
Category : Business & Economics
Languages : en
Pages : 414

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Economic Theory, Econometrics, and Mathematical Economics: Economics and Human Welfare: Essays in Honor of Tibor Scitovsky focuses on the principles, influence, and contributions of Tibor Scitovsky on economics. The selection first elaborates on welfare economics and microeconomic theory, property rights doctrine and demand revelation under incomplete information, and experiments in the pricing of theater tickets. Discussions focus on the effect on audience composition, volume, and revenues, failure of bargaining under privacy, growing disenchantment with economic growth, and bargaining as a game of incomplete information. The text then takes a look at economics and the transformation of the idea of progress and changes in the size distribution of income. The text ponders on welfare criteria, distribution, and cost- benefit analysis; position of ethics in the theory of production; and rationing and price as methods of restricting demand for specific products. Topics include excise taxation with revenue distributed like rations; private and social returns to morality; effect of changes in the cost of organization and communication; and logical and historical foundation of the theory of the welfare state. The selection is highly recommended for economists and researchers interested in pursuing studies on the relationship of economics and human welfare.