Oil, Wheat and Currencies

Information Costs and International Currencies

This paper develops a unified framework for examining international payment patterns. Using an open-economy search model with competing monetary assets, I show how information costs and government transaction policies interact to produce a structure of world payments reminiscent with what is observed in practice. Agents’ decision to acquire information shapes exchange patterns by affecting a cu...

Correlation Networks Among Currencies

By analyzing the foreign exchange market data of various currencies, we derive a hierarchical taxonomy of currencies constructing minimal-spanning trees. Clustered structure of the currencies and the key currency in each cluster are found. The clusters match nicely with the geographical regions of corresponding countries in the world such as Asia or East Europe, the key currencies are generally...

Supercritcal Fluid Extraction, Fractionation, and Characterization of Wheat Germ Oil

Study on stability of wheat germ oil and lipase activity

The purpose of the present study was follow the influence of periodical storage (at room temperature, 25-30°C), on the stability of oil including primary and secondary oxidation, total oxidation as well as conjugation. Color intensity at 430 nm of the oil samples was also evaluated to show changes of color during periodical storage. It was generally found peroxide value, panisidine, total oxida...

www.econstor.eu Common Currencies and FDI Flows

The paper investigates the impact of EMU on foreign direct investment flows. Using the option value approach to investment decisions, it is possible to show how exchange rate uncertainty hinders cross-border investment flows. By permanently fixing bilateral exchange rates, a currency union can then be expected to spur international investment. Results from a gravity model on a sample of OECD co...