Related papers: Maastricht and Monetary Cooperation
The use of digital money has become increasingly popular, but it comes with certain drawbacks. For instance, it can be challenging to make payments during power outages or internet failures. Additionally, some groups may find it difficult…
We start by summarising very briefly the various prior attempts (during the last one and half a decade), some of which were made as independent research centres and others as visiting centres with extensive visiting programs for luminaries…
The so called "globalization" process (i.e. the inexorable integration of markets, currencies, nation-states, technologies and the intensification of consciousness of the world as a whole) has a behavior exactly equivalent to a system that…
We study the entanglement of a multipartite quantum state. An inequality between the bipartite concurrence and the multipartite concurrence is obtained. More effective lower and upper bounds of the multipartite concurrence are obtained. By…
In this paper an econophysics model for the currency exchange operations with commission is proposed. With this purpose some analogies and similarities of the processes that take place in the frame of the electrochemical system made from…
Valuation and parity formulas for both European-style and American-style exchange options are presented in a general financial model allowing for jumps, possibility of default and "bubbles" in asset prices. The formulas are given via…
The 2007--2008 financial crisis has paved the way for the use of macroprudential policies in supervising the financial system as a whole. This paper views macroprudential oversight in Europe as a process, a sequence of activities with the…
A large set of daily FOREX time series is analyzed. The corresponding correlation matrices (CM) are constructed for USD, EUR and PLZ used as the base currencies. The triangle rule is interpreted as constraints reducing the number of…
This paper casts within a unified economic framework some key challenges for the global economic order: de-globalization; the rising impracticability of global cooperation; and the increasingly confrontational nature of Great Power…
This review is about the convenience, the benefits, as well as the destructive capacities of money. It deals with various aspects of money creation, with its value, and its appropriation. All sorts of money tend to get corrupted by…
The purpose of the present paper is to show how blockchain and IoT technologies can benefit smart city projects, which tend to spread in the context of the sharing economy. The article also aims to describe the challenges and potentialities…
We show that capital flow (CF) volatility exerts an adverse effect on exchange rate (FX) volatility, regardless of whether capital controls have been put in place. However, this effect can be significantly moderated by certain macroeconomic…
We study the entanglement of multipartite quantum states. Some lower bounds of the multipartite concurrence are reviewed. We further present more effective lower bounds for detecting and qualifying entanglement, by establishing functional…
Enabling children to acquire an education is one of the most effective means to reduce inequality, poverty, and ill-health globally. While in normal times a government controls its educational policies, during times of macroeconomic…
Collaboration in science is one of the key components of world-class research. The European Commission supports collaboration between institutions and funds young researchers appointed by these partner institutions. In these networks, the…
The goal of this paper is to experiment new math concepts and theories, especially if they run counter to the classical ones. To prove that contradiction is not a catastrophe, and to learn to handle it in an (un)usual way. To transform the…
This work studies the valuation of currency options in markets suffering from a financial crisis. We consider a European option where the underlying asset is a foreign currency. We assume that the value of the underlying asset is a…
This paper presents a novel methodological framework by which the effects of globalization on international collaboration can be studied and understood. Using the cosine similarity of the disciplinary and partner profiles of countries by…
We apply network science principles to analyze the coalitions formed by European Union (EU) nations and institutions during litigation proceedings at the European Court of Justice. By constructing Friends and Foes networks, we explore their…
The enlargement of the European Union to new countries in 2004 launched mechanisms supporting the development of various social and economic areas, as well as levelling the differences between the Community members in these areas. This…