Currencies

If you ask a room full of currency traders which pairs they trade, the vast majority will be quick to respond and tell you that they prefer certain currency pairs to others. Despite the fact that this is very common practice, I find it to be fundamentally wrong. Three years ago, I began looking into the relative strengths of individual currencies, as I often found my limit orders being filled and then the position being stopped out very shortly after. I would ask myself repeatedly why did this picture perfect technical setup not work? I was obviously missing something very fundamental, which led me to the study of currency strength analysis. In this article, I will discuss the common pitfalls of trading currency pairs instead of currencies, and propose an alternative.

This Continuous Assessment (CA) is part of module Global Transaction, Banking and Payment Systems (Duane, 2015). The topic chosen for this CA is ‘Ripple protocol’ and its role in developing a banking payment system in regards to other acknowledged systems out there.  First there is a literature overview of future of financial systems lead by new guidelines and legislations, as a result of last crisis, environment concern and information communication technology (ICT) influence on finance-banking sector.  With explanation of virtual currencies and their terms for better understanding of the Ripple protocol and how it works and who is it made for to use.  Second there is discussion on different most used systems (SWIFT, Bitcoin, and Ripple). And third is made a conclusion of the role of Ripple and the systems discussed and overview of literature on financial systems.


Key words: Ripple protocol, XRP, transaction network, digital currency, FX.

The new designs for the US Paper Money between 1914 and 1918: Federal Reserve Notes and Federal Reserve Bank Notes during the Word War I. Contents:
BEFORE THE FED, THE FED, THE NEW NOTES, 12 BANK SEALS, THE NEW TRADITION, 2 TREASURY SEALS, DATES, FIVE-DOLLAR BILL, TEN-DOLLAR BILL, TWENTY-DOLLAR BILL, FIFTY-DOLLAR BILL, ONE HUNDRED-DOLLAR BILL, ONE-DOLLAR BILL, TWO-DOLLAR BILL, $500 BILL, $1,000 BILL, $5,000 BILL, $10,000 BILL, 4 AUTHORIZATIONS ON THE “FED” PAPER MONEY (1914-1918), FINAL WORDS.

Türkiye Cumhuriyeti kurulup, ilk kağıt paralarımızın tedavüle çıktığı 5 Aralık 1927 tarihinin üzerinden daha 1 yıl bile geçmemişti ki 3 Kasım 1928 tarihinde Harf Devrimi yapıldı. Yeni harfler ülkede hızla kabul görürken bu olay büyük bir sorunu beraberinde getirmiş, “Birinci Emisyon” adını verdiğimiz bu ilk kağıt paralarımız bir günde eskimişti.

Bu durum üzerine yeni harflerle tedavüle sürülecek ve “İkinci Emisyon” adını alacak paralarımızın tasarım süreci için çalışmalar başladı. Bu çalışmalarla ilgili şu ana kadar aşağıdaki yazılar çeşitli kaynaklarda yayınlanmıştır:

1) Birinci Emisyon 50 ve 1000 Lira’ların Thomas de la Rue tarafından Latin Harfleri ile basılması denemeleri (*1)
2) Orell Füssli’nin T.C. Kağıt Para Denemeleri (*2)
3) Atatürk Portreli İkinci Emisyon 1 Türk Liraları (*3)

Bu konudaki dördüncü çalışma olan bu makalenin konusu ise, şu ana kadar varlığı bilinmeyen bir İkinci Emisyon deneme serisidir.

The Asian financial crisis 1997 began in Thailand as well as other high growth economies where foreign companies started to invest heavily in earning higher export income. This is why; both the local and foreign investors made capital-intensive investments in the real-estate sector. These investments were financed by heavy borrowing where the investment quality and market’s liquidity strength were compromised. Soon, borrowers’ capacity to repay was greatly damaged that, in turn, negatively affected the banking system in the South East Asian Nations (such as Singapore, Indonesia, Malaysia, Philippines, and South Korea). The banking industry, as well as lending institutions soon, collapsed with heavy losses (Kuepper, 2017).

There are three important concepts in Forex trading that you must understand in order to find your way in the currency markets. These concepts are “Pips”, “Volume”, and  “Buying” and “Selling Short”. They may look more like four concepts but buying and selling are like the two faces of the same coin so we can consider them as a single concept.

Around 150+ currencies exist in the world. Each currency differs from the other on the basis of size, paper, colors, patterns, text, etc. It is difficult to identify all the currencies that exist. Also, it is difficult to determine whether a currency is real or fake. Our system proposes to tackle this problem using Image Processing in MATLAB. The different types of currencies from different origin are provided to the system and system then performs Image Processing operations depending on the currencies and provide the identified currency type as an output. Also to authenticate currency is real or fake it performs Image Processing functions and identifies the currency provided as an input is real or fake.

This paper explores the domestic price level and trade competitiveness of  Hong Kong in addition to the compatibility of this dollar-based currency  board to the criteria inspired by the optimum currency area (OCA) theory.  On price and competitiveness, findings point out that during the turmoil  Hong Kong had not performed as well as that in the past and an apparent  reason for this is the inflows of hot capital from abroad especially of the  US that fuelled rising property prices. On conformity to the OCA criteria,  the findings broadly corroborate the fixed exchange regime with the US as  the  monetary  anchor  country  but  at  the  same  time  China  appears  as  a  prospective  contender  to  US  as  the  monetary  anchor.  In  the  longer  run,  amidst the prolonged economic and monetary weaknesses in the US plus the emergence of renminbi as a global currency, Hong Kong might as well unify its exchange rate with the Chinese money.

Using an improved statistical methodology including tests designed for heterogeneous panels, this paper tests for mean reversion in monthly US Dollar based real exchange rates for nine East Asian countries, including those that were severely affected by the 1997 Asian financial crises. The empirical results reveals mean reversion in real Asian exchange rates is a feature of the post-crises sub-period

Abstract: Foreign exchange exposure management has traditionally been viewed by corporate line management as a specialized and arcane corporate function. From its organizational position in Treasury or International Treasury, the function and the experts responsible for its execution, are frequently removed from the process of strategic planning and formulation of objectives. Foreign exchange experts are even less frequently consulted on matters of marketing and production investments and operation.

Using an improved statistical methodology including tests designed for heterogeneous panels, this paper tests for mean reversion in monthly US Dollar based real exchange rates for nine East Asian countries, including those that were severely affected by the 1997 Asian financial crises. The empirical results reveals mean reversion in real Asian exchange rates is a feature of the post-crises sub-period (1997-2005) but not of the pre-crises sub-period (1981-1996).

The goal of this paper is to equip the investor with the tools and understanding necessary to evaluate managed currencies' investments in a meaningful way. It is shown that managed currency funds might exhibit a common factor because most of the trading managers use similar ...

The French (and Latin Monetary Union) Bimetallism; the British (and World) Gold Standard; the Bank of England (and other countries) banknotes; the 19th Century project of Word Currency (1 Gold Sovereign/1 Pound Sterling = 25 French Francs = 5 US Dollars). // El bimetal·lisme francés (i de la Unió Monetària Llatina) confrontat al patró or d'encuny britànic; els bitllets del banc d'Anglaterra (i d'altres països) convertibles en or; la pervivència del patró argent; els països amb moneda fiduciària; el projecte (iniciat el 1867) de moneda universal, fonamentat en l'anivellament del contingut en or fi de la moneda d'un sobirà  (amb valor d'una lliura esterlina), de la peça de 25 francs francesos (mai encunyada, però equivalent a dues peces: 20 i 5 francs), i de la moneda de 5 dòlars (o mitja àguila) dels Estats Units.

It is obvious that China is up to something hoarding gold like a dragon. In fact, it is taking a leap forward to control the world currency and to replace it with the yuan, Dr. Thorsten Pattberg, China expert at the Peking University, told RT.

China is vowing to make more reforms, among them cutting red tape and establishing the yuan as a world currency. The 7th Annual Meeting of the New Champions is opening in the Chinese city of Dalian, the gathering has become known as a 'summer Davos'. RT has talked to Dr. Pattberg about China’s prospects for introducing a new world currency.

China is vowing to make more reforms, among them cutting red tape and establishing the yuan as a world currency. The 7th Annual Meeting of the New Champions is opening in the Chinese city of Dalian, the gathering has become known as a ‘summer Davos’. RT has talked to Dr. Pattberg about China’s prospects for introducing a new world currency.
http://rt.com/op-edge/china-control-world-currency-707/

This is an analysis of the causes of the late 1997 economic crises in the (until then) strong Asian economies. This paper shows that, although the two proximate causes of this crises seem to be stronger inter-national competition and poorly developed domestic financial systems in Asia, the underlying causes were related more to the virtuous economic and financial cycles in Asia that turned into vicious cycles in 1997. The key determinant of Asian recovery is the reduction in the importance of these positive feedback cycles by reforming Asian domestic financial systems so they are no longer characterized by low disclosure levels, high debt ratios, and high political influence in credit decisions.