The Interactions between Debt and Currency Crises – Common Causes or Contagion? In contrast to the well-known twin currency and banking crises the literature has so far neglected a second type of twin crises, the simultaneous occurrence of currency and debt crises. The decision of a government to devalue and/or to default is closely interlinked through the government’s intertemporal budget cons...

Currency trading is a vast and highly profitable business. This review examines the profitability of two popular currency trading strategies in light of currency-market microstructure research. The carry-trade strategy involves borrowing a low-interest currency and investing the proceeds in a high-interest currency. Technical trading strategies are determined exclusively on the basis of past as...

The article is devoted to analysis of currency quotes behavior on the currency market by defining dynamic changes over time. The main tool of fractal analysis is the Hurst under the hypothesis of fractal market. For 17 major currency pairs on closing prices and the prices maximum-minimum the Hurst index is calculated by formula for the adjusted R/S analysis. Values at the currency markets of di...

This paper examines the effect of currency conversion programs from Swiss franc-denominated loans to other on risk for banks in Central and Eastern Europe (CEE). franc mortgage proliferated CEE countries prior financial crisis contributed volume non-performing as strongly appreciated during post-crisis period. Empirical findings suggest that loan reduced mismatches francs but increased foreign ...

The devaluation of the Mexican peso of 1995 along with the more recent financial crises in emerging economies are viewed as systematic outcomes of the operation of free currency markets. The hypothesis is that there exists a distortion in free currency markets that makes developing countries systematically misallocate resources. The distortion lies in “asymmetric reputation” that leads to subst...

    Background: Nursing shortage is an important and multifaceted challenge in the health systems and has reached a warning threshold. The factors associated with nursing shortage vary from country to country. Therefore, this study compared the causes of nursing shortage and suggested strategies to help resolve this concern both in Iran and in the world.    Methods: To conduct this systematic ...

While invoicing currency has been extensively studied in open-economy macroeconomics, Dotsey and Duarte (2011) suggest that the currency denomination of exports does not matter because standard invoicing currency regimes such as producer currency pricing (PCP) and local currency pricing (LCP) generate similar aggregate responses. However, this paper demonstrates the importance of invoicing curr...