The ongoing COVID-19 pandemic has shaken the global financial system and caused great turmoil. Facing unprecedented risks in the markets, people have increasing needs to find a safe haven for their investments. Given that the nature of this crisis is a combination of multiple pr…
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This dissertation investigates the causes of the Asian crisis and improves implementation in predicting actual currency crises. Chapter I presents an overview of the inception and development of the Asian crisis with a focus on the movements of the macroeconomic variables and th…
The Coinage Bill of 1816 was a turning point in monetary history, establishing Britain on the gold standard and making provision for a major recoinage and exchange of silver. The intention in this thesis has been to examine why the reform happened when it did, what its legacy wa…
This dissertation summarizes research conducted in assessing the feasibility of various proposals to organize a common bond market for Asia as an agency to deter the recurrence of the "1997-1998 Asian financial crisis" which caused economic disarray to Indonesia, Malaysia, Phili…
Studies of J-curve phenomenon have evolved from the Marshall-Lerner condition to establish a direct link between trade balance and exchange rate. Due to the problem of aggregation bias, empirical studies of the J-curve further evolve from employing aggregate data to bilateral da…
The massive external debt burden of Nigeria and most of sub-Saharan Africa has gained widespread attention as a serious policy issue during the past few years. These countries are particularly vulnerable because (1) they have large international borrowing requirements and the re…
Fueled by the successful introduction of the Euro in 1999, monetary integration has become an increasingly important phenomenon within the modern global economic era. The Gulf Cooperation Council (GCC) is no exception. While the six countries of the GCC, Bahrain, Kuwait, Oman, Q…
The microstructure approach to the foreign exchange market has been very popular recently, especially after years of macroeconomic research has failed to offer an adequate explanation for short run movements in the foreign exchange market. The foreign exchange microstructure lit…
This dissertation explores the reasons behind dollarization hysteresis and analyzes the extent and dynamics of dollarization in different economies. It finds role for policies to reduce dollarization to achieve a more stable economy. The first chapter uses a network externality …
Malaysia is a developing country. Export has become one of the major incomes that contribute to Malaysia's economy. After the East Asian Financial crisis in 1998, to stabilize its economy, Malaysia's government pegged its currency at 3.8 (RM) to 1 (USD), and there was a signific…
The economy is discussed as a unified whole, but the machine that is the economy is nothing more than the sum of its parts and like any machine sometimes the parts fail and need to be replaced. In examining the role of currency and trade in perpetuating economic crisis we find t…
The first chapter uses violations of the law of one price of Bitcoin to uncover sources of demand for cryptocurrency. In line with Hayek, we show that distrust breeds demand. We proxy Bitcoin demand with transitory price deviations---Bitcoin prices in a local currency, converted…
The whole thesis consists of seven chapters, where the main theme focuses on the development of statistical methods and distribution theory, with applications to finance and cryptocurrencies. Chapter 1 contains an introduction and background to my thesis. This is then accompanie…
The Blockchain technology that revolutionized the world was launched in 2008 with the publication of the paper undertitled ‘Bitcoin: A Peer-to-peer Electronic Cash System’, by the enigmatic pseudonym of Satoshi Nakamoto, which described a version of electronic cash that allowed …
This paper discusses the utility of currency as a promotional technique for southern ways, most specifically a mindset surrounding the social status of African Americans. Prior to the start of the Civil War, southern states began using images depicting enslaved labor on multiple…
In the thesis, were presented all chronological periods of the most costly crisis in the world and in Kazakhstan since independence 1991 and the impact of the current Covid crisis on the Republic of Kazakhstan economy. Crisis events took place in the both items: global economy a…
Due to the underdevelopment often noticed in many rural areas of Zimbabwe, the country’s civil servants such as teachers, confront hurdles in their workplaces and when navigating their day-to-day lives. This comes as a result of the economic crisis that the country is experienci…
Nationalism studies have recently increased in popularity, and particularly those focused on the era of the U.S. Civil War. But for all the attention scholars have given to this specific area of research, no single investigation exists that directly compares and contrasts the vi…
Cryptocurrencies have established themselves as relevant digital assets that aim at becoming the main medium of exchange for the coming decades. With the fast adoption and increased user base, usability and privacy have become crucial aspects for their success. Monero is a digit…