Concept
Reserve currency
Related publications (25)
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Persistent fiscal and political mismanagement, together with the financial pressures of the COVID-19 pandemic, have driven Sri Lanka into a social and economic crisis triggering a decrease in national foreign exchange reserves, an inability to purchase vit ...
FRONTIERS MEDIA SA2023Energy, SBS symptoms, and productivity in Swiss open-space offices: Economic evaluation of standard, actual, and optimum scenarios
Dusan Licina, Dolaana Khovalyg, Verena Marie Barthelmes, Arnab Chatterjee, Cecile Anne Berquand
The fundamental aspiration of new-generation high-performing buildings is to reduce energy use while securing indoor environmental quality conducive to human health and productivity. However, existing frameworks for identifying Key Performance Indicators ( ...
PERGAMON-ELSEVIER SCIENCE LTD2023Monetary Independence And Rollover Crises
This article shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nomin ...
OXFORD UNIV PRESS INC2022Self-Exciting Point Processes: Identification and Control
This thesis addresses theoretical and practical aspects of identification and subsequent control of self-exciting point processes. The main contributions correspond to four separate scientific papers.In the first paper, we address the challenge of robust i ...
EPFL2022Dominant currency debt
We propose a “debt view” to explain the dominant international role of the dollar. Within a simple capital-structure model with debt-currency choice, we show that the “dominant currency” is the one that (1) depreciates in global downturns over horizons of ...
2021Exchange Rate Analysis by Nonlinear Time Series Method
A financial data analysis using the time series method has been performed. At the same time a correct interpretation of daily exchange rates fluctuations, for Eur foreign currencies is presented. The fractal dimension evaluation has been performed using th ...
AMER INST PHYSICS2020Core-Selecting Mechanisms in Electricity Markets
Maryam Kamgarpour, Orcun Karaca
Due to its theoretical virtues, several recent works propose the use of the incentive-compatible Vickrey-Clarke-Groves (VCG) mechanism for electricity markets. Coalitions of participants, however, can influence the VCG outcome to obtain higher collective u ...
2020Quantifying Endogeneity of Cryptocurrency Markets
Thomas Alois Weber, Michael Mark
In this paper we construct a “reflexivity” index for Bitcoin cryptocurrency that measures the amount of activity generated endogenously within the market. For this purpose we fit a univariate self-exciting Hawkes process with two-classes of parametric kern ...
2020Effectiveness of a strategic energy reserve during the energy transition: The case of Switzerland
Switzerland is considering implementing a strategic energy reserve, a novel policy instrument that remunerates power plant operators for storing a minimum amount of energy in reservoirs to convert into electricity when called upon. The policy is envisioned ...
2019