Parallel currencies

Ebook "Denationalisation of money" is the very core of the Hayekian approach to monetary policy, and the book that drew the world's attention to this radical thinker following his Nobel Prize in economics. The argument is substantively similar to Mises's, but rather than arguing for a gold standard, Hayek argues for utter abandonment of governmental attempts to reform money.

148p loivantrinh 29-10-2023 6 5   Download

Link Cross-Testbed experimentation. Multiple closed distributed systems that run in parallel can offer unique resources such as access to specific scientific equipment. One can imagine a physics researcher will- ing to provide access to their Beowulf cluster [16] but wishing to consume resources produced by data collec- tors at a CERN [17] on a completely separate network.

6p nhacsihuytuan 06-04-2013 44 5   Download

Once an agreement about how to handle the transaction has been reached, it must be executed to completion according to the plan— node failure and related problems cannot cause the transaction to abort. If a node fails, it can recover from a replica that had been executing the same plan in parallel, or alternatively, it can replay the history of planned activity for that node. Both parallel plan execution and replay of plan history require activity plans to be deterministic—otherwise replicas might diverge or history might be repeated incorrectly.

8p yasuyidol 02-04-2013 36 4   Download

Finally, international (foreign currency) credit can also put upward pressure on the real exchange rate, as borrowers exchange foreign for domestic currency for the purchase of domestic goods or assets. With a fixed exchange rate (or within a currency area), real exchange rate appreciation can take the form of relatively rapid inflation. For a country with an independent currency, real exchange rate appreciation can result from either nominal appreciation or relatively rapid inflation.

11p enter1cai 12-01-2013 48 2   Download

Other Applications In this chapter, we consider some further applications of independent component analysis (ICA), including analysis of financial time series and audio signal separation. 24.1 24.1.1 FINANCIAL APPLICATIONS Finding hidden factors in financial data It is tempting to try ICA on financial data. There are many situations in which parallel financial time series are available, such as currency exchange rates or daily returns of stocks, that may have some common underlying factors. ICA might reveal some driving mechanisms that otherwise remain hidden.

8p khinhkha 29-07-2010 94 4   Download

It is tempting to try ICA on financial data. There are many situations in which parallel financial time series are available, such as currency exchange rates or daily returns of stocks, that may have some common underlying factors. ICA might reveal some driving mechanisms that otherwise remain hidden. In a study of a stock portfolio [22], it was found that ICA is a complementary tool to principal component analysis (PCA), allowing the underlying structure of the data to be more readily observed....

8p duongph05 09-06-2010 92 10   Download