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FIAT CURRENCIES (2) answer(s).
 
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ID:   135539


Razvitie development of the Eurasian continent: an integrated and cooperative project / Yakunin, Vladimir I   Article
Yakunin, Vladimir I Article
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Summary/Abstract This article present a scientific and practical concept for a new type of multisectorial project, integrated in its internal structure and cooperative in the external form of its implementation. The plan is to build a transnational development corridor across Eurasia-from the Atlantic to the pacific- harnessing cutting-edge technologies for industrial research and production, transportation and communication, financed by a new basket of fiat currencies and sovereign debt instruments. it aims to pull the global economy out of the current crisis while shaping an innovative civilisational module for the future.
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2
ID:   189423


What caused what? The Israeli Shekel and cryptocurrencies / Arbel, Yuval; Cohen, Gil   Journal Article
Cohen, Gil Journal Article
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Summary/Abstract This article examines the relationships between 21 fiat currencies to Bitcoin price movements using daily data from the beginning of 2012 to the end of March 2021. We use a two-stage analysis. The first stage excludes currencies, which are uncorrelated with the daily returns of the Bitcoin. The second stage is to run a Granger-causality test on the remaining six currencies to examine whether lagged excess returns on the Bitcoin Granger-cause the excess returns on the currencies or vice versa. Results support the conclusion that the return on Bitcoin Granger-Cause the return on the Israeli Shekel (ILS), but not vice versa. A possible explanation of these outcomes is the susceptibility of financial investors in Bitcoin and the ILS to the Israeli economy.
Key Words Economy  Israel  Fiat Currencies  Bitcoin  Cryptocurrencies  Shekel 
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