Currency wars?

Currency Equivalent Currency

specialist microfinance institutions (MFIs). The Central Bank of Sri Lanka (CBSL) has traditionally pursued an active "developmental" role in the microfinance sector, although this has been changing. It should further reduce its developmental activities by diluting its ownership of regional development banks and taking a less hands-on role in project implementation. Conversely, it would be appr...

Corporate Currency Hedging and Currency Crises

We examine the impact of corporate currency hedging on economic stability by introducing hedging activity in a Mundell-Fleming-Tobin framework for analyzing currency and financial crises. The ratio between hedged and unhedged firms is modelled depending on firm size as well as hedging costs. The results indicate that, with an increasing fraction of hedged firms in an economy, the magnitude of a...

Uncertain Currency Model and Currency Option Pricing

Liu process is a new tool to deal with the noise process based on uncertainty theory. In this paper, we view the foreign exchange rate as an uncertain process, described by an uncertain differential equation driven by Liu process, and build an uncertain currency model. Then the uncertain currency option processes are discussed. Moreover, European and American currency option pricing formulas ar...

Clone Wars

Code clones, the result of the ”copy&paste” programming technique, have negative impact on software quality and on the efficiency of the software maintenance process. Although copying may be the fastest way of creating a new feature, after a while it is really hard to detect and maintain the multiple instances of the same code snippets. Based on static source code analysis, clone detectors try ...

Cell wars.