Результаты исследований: Научные публикации в периодических изданиях › статья
Synthetic money. / Hovanov, N.V.; Kolari, J.W.; Sokolov, M.V.
в: International Review of Economics and Finance, Том 16, № 2, 2007, стр. 161–168.Результаты исследований: Научные публикации в периодических изданиях › статья
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TY - JOUR
T1 - Synthetic money
AU - Hovanov, N.V.
AU - Kolari, J.W.
AU - Sokolov, M.V.
PY - 2007
Y1 - 2007
N2 - This paper provides a methodology for constructing synthetic money, which is defined as an optimal currency basket that mimics a single currency. Empirical evidence is provided by constructing a synthetic dollar from a currency basket comprised of six currencies that excludes the U.S. dollar. We believe that synthetic money has a number of practical applications, including currency pegging operations by nations, denomination of global bond issues by large firms and countries, and analyses of currency movements over time by interested parties.
AB - This paper provides a methodology for constructing synthetic money, which is defined as an optimal currency basket that mimics a single currency. Empirical evidence is provided by constructing a synthetic dollar from a currency basket comprised of six currencies that excludes the U.S. dollar. We believe that synthetic money has a number of practical applications, including currency pegging operations by nations, denomination of global bond issues by large firms and countries, and analyses of currency movements over time by interested parties.
KW - Synthetic money
KW - Optimal currency basket
KW - Currency invariance
M3 - Article
VL - 16
SP - 161
EP - 168
JO - International Review of Economics and Finance
JF - International Review of Economics and Finance
SN - 1059-0560
IS - 2
ER -
ID: 5019989