Local Currencies, Exchange Trading Systems, and Time Banks are all part of a new social movement that aims to restrict money's purchasing power within certain geographic area, or community. According their proponents, these restrictions may contribute building sustainable local economies, supporting businesses creating “warmer” relations. This article inquires whether the overall enthusiasm sur...

Despite major structural shifts in the international monetary system over past six decades, US dollar remains dominant reserve currency. Using a newly compiled database of individual economies’ holdings by currency, this paper finds that financial links have been an increasingly important driver currency configurations since global crisis, particularly for emerging market and developing economi...

This paper explores the development, applications, and regulatory issues of Web3.0 as next generation internet technology. is based on technologies such distributed computing, blockchain, artificial intelligence, smart contracts, it features decentralization, high security. introduces characteristics, technical architecture, key Web3.0, well its applications future development trends in areas d...

This paper uses high frequency exchange rate data for a group of twelve Latin American countries to analyze volatility comovements. Particular interest is posed on understanding the existence of a common volatility process during the 1994–2005 period. The analysis relies on bivariate common factor models. We test for second-order common features using the common ARCH-feature methodology develop...