In recent years, there has been an increasing interest in currency :union:s internationally. The formation of currency :union: in Organization of Islamic Cooperation (OIC) has drawn much attention of Islamic countries. This paper aims to investigate the effect of currency :union: formation for trade among 49 Islamic countries over the period 1990-2012 by OCA and Augmented Gravity Model (AGM). T...

This paper presents a institutional framework for the currency basket peg system. After the Asian currency crisis, the needs of seeking adaptive currency system has risen up but the best currency system has not still appeared. In this paper, we propose the model of “the currency basket peg system”. This model realize the currency basket peg system on the computer. With using it, we investigate ...

in this paper, based on error correction model by using panel data, an empirical analysis of demand for international reserves for 16 islamic countries is investigated. besides addressing conventional issues, the model explicitly incorporates the impact of expected export revenues and the impact of the exchange rate system on reserve demand. the results reveal that, short run money market diseq...

Re-denomination was not only a zero dropping and new coin minting operation but also a significant milestone in Turkey. Before the currency reform, multiple zeros had posed several difficulties in expressing monetary values, transactions, bookkeeping and statistical records, data processing software, payment systems, price labels etc. So, removing six zeros from national currency became a ...

In this paper, we propose a system for the recognizing the paper currency. This is based on interesting features extractions like colors of paper currencies and correlation between images. Depending on the color of the currency is grouped into three groups-red, green and blue. In this system we are including the new currency notes of Rs.500 and Rs.2000.For Identifying the new currency we develo...

This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data spanning 1980–2000. The P model is shown to have considerable empirical support. Thus, the “price gap” or, equivalently, the “real money gap” (the gap between current real balances and long-run equilibrium real balances), has substantial predictive power for future inflation. The...