It takes the average reader and 23 minutes to read A Network Model of Multilaterally Equilibrium Exchange Rates by Mr.Alexei P Kireyev
Assuming a reading speed of 250 words per minute. Learn more
This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological component into the exchange rate analysis, consistently taking into account simultaneous higher-order interactions among all currencies. The paper defines the currency demand indicator. On its base, it derives a multilateral exchange rate network, finds its dynamically stationary position, and identifies the multilaterally equilibrium levels of bilateral exchanges rates. Potentially, the model can be developed further to calculate the deviations of the observed bilateral exchange rates from their multilaterally equilibrium levels, which can be interpreted as their over- or undervaluation. For illustration, the model is applied to daily 1995-2016 exchange rates among 130 currencies sourced from the Thomson Reuters Datastream.
A Network Model of Multilaterally Equilibrium Exchange Rates by Mr.Alexei P Kireyev is 23 pages long, and a total of 5,819 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read A Network Model of Multilaterally Equilibrium Exchange Rates aloud.
A Network Model of Multilaterally Equilibrium Exchange Rates is suitable for students ages 8 and up.
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