Using a two-country general equilibrium model, this paper analytically derives the possibility of positive welfare consequences of vehicle currency use in invoicing international trades. Such vehicle currency use is prominent in the data. The literature points out welfare loss under optimal monetary policy due to vehicle currency pricing relative to the flexible price equilibrium outcome, model...

The number of independent countries has almost tripled since World War II: in 1946 there were 76 independent countries; today there are 193. Until recently, most countries had their own currencies. Hence, the expansion of the number of countries led to a proliferation of the number of currencies. More recently, however, the identification of currencies with countries has weakened, and the discu...

Despite the increasing acceptance and usage of Online Social Networks (OSN), particularly the currency of user data has been identified as a crucial success factor for both, users as well as providers. However, while research on Data Quality (DQ) in traditional information systems is considered to be relatively mature, findings from prior research on currency have not yet been confirmed for the...

In January 1999, members of the European Union introduced a single currency, the Euro. In 2002, the Euro will replace national currencies, and each country’s currency will cease to exist. It is our belief that within the next ten years the Euro will merge with the Dollar to create a single currency for the United States, Europe, and eventually for other countries. These articles explore the imp...

The Asian financial crisis in 1997 brought to the attention of member countries of the Association of South East Asian Countries (ASEAN-5) (comprising Indonesia, Malaysia, the Philippines, Singapore and Thailand) the need for closer monetary co-operation. Central to the OCA literature is the nature and symmetry of underlying economic disturbances. If the economic disturbances are similar across...

Overlapping recombinant clones that encompass the insulin-like growth factor (IGF) I and II genes have been isolated from a human genomic DNA library. Each gene is present once per haploid genome; the IGF-I gene spans greater than 35 kilobase pairs (kbp) and the IGF-II gene is at least 15 kbp. The exon-intron organization of these genes is similar, each having four exons, which is one more than...

I examine, in a controlled, experimental laboratory setting, the acceptance of a secondary currency when a primary currency already circulates in an economy. The underlying model is an indivisible good / indivisible money, dual currency search model similar to that in Kiyotaki and Wright (1993) and Craig and Waller (2000). In such models, there are two pure Nash equilibria total acceptance or t...