Value Of Currency Research Articles

SENI RUPA SEBAGAI MEDIA PENYADARAN

Fine Art as a form of expression of artists, certainly not like economists who need advantages in currency values. Art is not likely to be intervened by fields of pragmatic size. Then it will be so difficult to place art as part of the aesthetic element. So, in this case, we can see the strengths that are in the art itself. Art as a matter of which considered unconstitutional is certainly very paradoxical when it is part of standard rules. So when art works, it becomes part of aesthetic polarization and not being as a reading room in the future. The method used in this study is study of literature with an emphasis on the philosophy of art that gives bargaining power to change in thinking, freedom of interpretation Then The aim of study of literature is to gain an understanding that art gives its weight in thinking about renewal art with a constructive approach through aesthetic understanding. For this reason, fine arts should see forms of visualization as a form of social reality. With it, the artist must be able to
 create novelty as well as from ethics, aesthetics, and the philosophy of art itself. Without it, the existence of artists cannot be expected to advance the world of art, if the artists themselves lack understanding of the principles in creating fine arts. Therefore, in this paper, the author is obliged to offer solutions, as an effort to improve the quality of the concept of works and at the same time associated with the cultural movement in the public.

О некоторых недостатках валютного контроля в Российской Федерации

Based on the analysis of the regulatory framework, as well as law enforcement practice, the article models a typical scheme of evasion by unscrupulous participants of foreign economic activity from administrative responsibility for violation of currency legislation when withdrawing currency values outside the Russian Federation. It offers a number of recommendations to regulatory authorities, as well as proposals for changes to the current legislation on currency regulation.

Coronavirus Disease 2019 in 5 Neighboring Limited-Resource Countries: A Financial and Health Threat

Coronavirus Disease 2019 in 5 Neighboring Limited-Resource Countries: A Financial and Health Threat

Podstawy teoretyczne stabilizacyjnej roli narzędzi fiskalnych w gospodarce rynkowej

W wysoko rozwiniętych gospodarkach rynkowych są podejmowane za pomocą narzędzi fiskalnych lub/i pieniężnych działania stabilizacyjne, których celem jest m.in. wpływanie na morfologię cykli koniunkturalnych, na równowagę na rynku pracy i dążenie do utrzymywania stabilnej wartości pieniądza. Celem pracy jest zbadanie hipotetycznego wpływu dyskrecjonalnych jak i automatycznych narzędzi polityki fiskalnej na stabilizację sfery realnej jak i nominalnej zamkniętej gospodarki rynkowej. Praca ma charakter rozważań hipotetycznych, a na jej początku zostaną sformułowane cele stabilizacji makroekonomicznej i możliwości ich realizacji. W dalszej części zostaną przedstawione narzędzia fiskalne dyskrecjonalne i działające automatycznie i charakter ich wpływu na osiąganie sformułowanych wcześniej celów. Instrumenty fiskalne mogą i powinny być stosowane w działaniach stabilizacyjnych, a szczególnie ważne powinny być narzędzia działające automatycznie.

High School Principals’ Leadership Roles and Use of Time

Time is the most valuable currency in schools. This study describes how successful high school principals reported spending and allocating their time to various leadership tasks using selected items from a study of principal-time use and school effectiveness in Miami-Dade County Public Schools in Florida US. Public high school principals were selected based on their 2019 Missouri School Improvement Program performance indicators and asked to complete either a paper or online survey. Findings show that principals spend more time on management-related activities than curriculum and instruction-related activities. There is a strong association between time-use on curriculum and instruction with both gender and school size. The more leadership experience a principal has, the less time they are likely to spend on school management activities. Time-use on organization management is strongly associated with school size. If instructional leadership is a fundamental priority for principals, then development and support of successful principalship will require a redesign of their roles to free time for instructional leadership. School districts that hire principals from a pool of assistant principals (AP) or invest in principal pipelines, need to develop a strategy to build APs’ instructional and leadership skills. Keywords : High school principals, principals’ time-use, principals’ roles, successful principals, instructional leadership. DOI: 10.7176/JEP/11-18-01 Publication date: June 30th 2020

Global Demand for Basket-Backed Stablecoins

We develop a model where persistent trade shocks create demand for a basket- backed stablecoin, such as Mark Carney's "synthetic hegemonic currency" or Facebook's recent proposal for Libra. In numerical simulations, we find four main results. First, because of general equilibrium effects of the basket currency on the volatility of currency values, overall demand for that currency is small. Second, despite scant holdings of the basket, its global reach may contribute to substantial increases in welfare if the basket is widely accepted, allowing it to complement holdings of sovereign currencies. Third, we calculate the welfare maximizing composition of the basket, finding that optimal weights depend on the pattern of international acceptance, but that basket composition does not significantly affect welfare. Fourth, despite potential welfare improvements, low demand for the basket currency from buyers limits sellers' incentives to invest in accepting it, suggesting that fears of a so-called global stablecoin replacing domestic sovereign currencies may be overstated.

Trajectory of the COVID-19 pandemic: chasing a moving target.

The spread of COVID-19 has already taken a pandemic form, affecting over 180 countries in a matter of three months. The full continuum of disease ranges from mild, self-limiting illness to severe progressive COVID-19 pneumonia, multiorgan failure, cytokine storm and death. Younger and healthy population is now getting affected than before. Possibilities of airborne and fecal oral routes of transmission has increased the concern. In the absence of any specific therapeutic agent for coronavirus infections, the most effective manner to contain this pandemic is probably the non-pharmacological interventions (NPIs). The damage due to the pandemic disease is multifaceted and crippling to economy, trade, and health of the citizens of the countries. The extent of damage in such scenarios is something that is beyond calculation by Gross Domestic Product rate or currency value of the country. Unfortunately, unlike many other diseases, we are still away from the target antiviral drug and vaccine for severe acute respiratory syndrome (SARS-CoV-2) infection. The prime importance of NPIs like social distancing, staying in home, work from home, self-monitoring, public awareness, self-quarantine, etc. are constantly being emphasized by CDC, WHO, health ministries of all countries and social media houses. This is time of introspection and learning from our mistakes. Countries like China and South Korea who were initially the most hit countries could contain the disease spread by liberal testing of their population, stringent quarantine of people under investigation and isolation of the positive cases. Rest of the countries need to act urgently as well to bring an immediate halt in the community transmission.

FINANCIAL AND ECONOMIC SYSTEM OF YEMEN: IS RECOVERY POSSIBLE?

The regional war in Yemen (the Republic of Yemen) began on the 26th March 2015 in the result of the military intervention of the Arabic coalition headed by Saudi Arabia. Nearly all the northern part of the the country is under control of the alliance with the participation of the former ruling party “Yemeni General People's Congress” and Houthi rebellions from the Shiite movement Ansar Allah. In August 2019 the southern part of the country loyal to the coalition was threatened by disintegration as a result of expulsion of the structures of internationally recognized President A.M. Hadi, living in Riyadh since the beginning of the conflict, from the temporary capital Aden by forces of the pro-Emirates group headed by the Southern Transition Council.
 The war did not solve any domestic problems of Yemen caused by a massive peaceful protest in all parts of the country split by the crisis in 2011, disrupted the international plan of the peaceful solution to the crisis under United Nations auspices, which started in November 2011, and de facto worsened the split of Yemen, which appeared on the map of Arabia only in 1990 in the result of merging two previously existing sovereign republics – the Yemen Arab Republic and People's Democratic Republic of Yemen.
 According to the announcements of the UN, currently the country goes through the hardest humanitarian crisis in the world. The military actions devastated the economy of the country, almost entirely ruined the infrastructure and lead to the absence of food security. The UN estimated that in 2019 nearly 24.1 million people (80% of the population) were exposed to the risk of famine and diseases. In the result of the absence of sanitary conditions and vaccination of the population, the country faces large-scale disease outbreaks, such as cholera, diphtheria, measles and fever.
 In addition, analysts estimate that more than 40% of Yemeni families lost their main source of income, consequently, it is quite difficult for them to by goods included in the minimum consumer basket. Poverty is getting worse: before the crisis it affected nearly half of the population, and currently it affects about 80% of Yemenis.
 In the result of the inflation, the value of the national currency threefold dropped. Besides, the humanitarian crisis worsened, and failure in the operation of the facilities of the national infrastructure and financial institutions significantly influenced the activity of business society, especially small and medium-sized businesses.
 The military conflict in Yemen disrupted the social and economic activity both of individual institutions and of the state as a whole. In the hard situation is found the revenue part of the budget, whose main source of income was export of hydrocarbons. Financial losses from oil revenues resulted in severe shortage of the national currency and plummeting of state revenue. The aforementioned factors in combination with the fragmentation of the public institutions, including the Central Bank of Yemen, resulted in stopping flow of foreign currency for essential imports and payment of salaries in the public sector, which led to the growth of inflation and worsening humanitarian crisis.

PEMODELAN WAVELET NEURAL NETWORK UNTUK PREDIKSI NILAI TUKAR RUPIAH TERHADAP DOLAR AS

Each country has its own currency that is used as a tool of exchange rate valid in the transaction process. In the process of transaction between countries often experience problems in terms of payment because of the difference in the value of money prevailing in each country. The price movement of the exchange rate or the value of foreign currencies that fluctuate from time to time it encouraged predictions of the value of the rupiah exchange rate against the U.S. dollar. Wavelet Neural Network (WNN) is a combination of methods between wavelet transforms and Neural networks. WNN modeling begins with wavelet decomposition resulting in wavelet coefficients and scale coefficients. Selection of inputs is based on PACF plots and divides into training data and testing data. To determine the final output by calculating the value of MAPE in data testing. The best architecture on WNN model for prediction of the value of the rupiah exchange rate against the U.S. dollar is a model with sigmoid logistic activation function, 2 neurons in the input layer, 10 neurons in the hidden layer, and 1 neuron in the output layer. The MAPE value is obtained at 0.2221%.

Currency internationalization and valuation effects: based on the threshold model

ABSTRACT Based on the three functions of currency internationalization, including exchange medium, pricing currency and foreign reserve, this paper explores how the degree of currency internationalization affects the impact of the exchange rate and the asset price on valuation effects. Using samples of 161 countries or regions from 2001 to 2016 and the threshold regression method, we find that, firstly, there is a threshold effect of the exchange rate on valuation effects due to currency internationalization. The higher the comprehensive level of currency internationalization is, the greater the positive impact of the exchange rate on valuation effects will be. Secondly, the threshold effect of the asset price on valuation effects due to currency internationalization is not significant because of the high stickiness of asset price. Besides, compared with developed countries, currency internationalization is more important to increase valuation effects through exchange rate channel and asset price channel in developing countries or regions. Finally, there are some differences in the three types of currency internationalization functions. The promotion of exchange medium function will lead to a greater positive impact of the exchange rate on valuation effects, as well as pricing currency function. However, the foreign reserve function has no such effect.

Examining the nonlinear impact of selected macroeconomic determinants on FDI inflows in India

PurposeOver the years, India has witnessed irregular FDI inflows. Therefore, this study aims to explore the asymmetric impact of per capita income, final consumption expenditure, globalization index and exchange rate on FDI inflows in India.Design/methodology/approachUsing the nonlinear autoregressive distributed lag bounds framework and unknown structural break, the study investigates the impacts of selected macroeconomic variables in driving FDI inflows in India during the study period (1979-2016).FindingsThe outcomes of the study confirm the asymmetric relationship between FDI inflows and its determinants during the study period. The results have confirmed that the improvement in per capita income, private consumption expenditure, globalization index and currency value appreciation play a crucial role in increasing FDI inflows in India. In contrast, the downside movements in the volume of consumption expenditure, globalization index and depreciation of the currency value in relation to the trade partners result in reducing the volume of FDI inflows in the long run.Originality/valueFor determining FDI inflows, previous studies have considered the overall impact of its potential determinants, which may provide partial information about the phenomenon. The adopted nonlinear approach highlights that both the types of fluctuations (i.e. upside and downside) in the independent variables may affect FDI inflows differently and substantially. The nonlinear association between FDI and selected determinants may be vital in formulating a long-term policy.

PENGARUH BEBERAPA RASIO KEUANGAN TERHADAP KEPUTUSAN HEDGING PADA SEKTOR PERTAMBANGAN DI BURSA EFEK INDONESIA

Companies that conduct international trade will be affected by unexpected changes in the value of foreign currencies, so companies need to hedge derivative instruments. This study aims to analyze the effect of several financial ratios, such as liquidity, leverage and profitability on hedging decisions on derivative instruments. This study uses secondary data from the company's annual report. The population is a mining company listed on the Indonesia Stock Exchange for 2016-2018. Purposive sampling is used with 33 companies analyzed by logistic regression analysis. Liquidity has significant negative effect on hedging decisions of derivative instruments, leverage has significant positive effect on hedging decisions of derivative instruments, profitability has significant negative effect on hedging decisions of derivative instruments. The accuracy of the prediction data for the probability of hedging derivative instruments in companies is 28% and the remaining 72% is explained by other variables outside the model.
 Keywords:Liquidity, Leverage, Profitability, and Hedging

Comparison of Crude Oil Supply Cost Between Ship Rental and Single Point Mooring

Today, the need for fuel oil and gas are increasing. Fuel oil and gas is the energy needed by the public to support daily activities. To meet the people needs for fuel oil and gas, the company is not only focused on the Indonesian people needs. Production principle carried out is make to stock, so the company makes direct purchase of imported and domestic crude oil and through government entitlement. Currently this fuel oil company has a problem that is quite urgent because the currency value is related to the crude oil procurement. This causes the profit obtained by the company is not optimal. So it needs to be evaluated relates to crude oil procurement policies in the company. As a result, the total costs spent by GP ship rental policy is $ 53.572.938, but by using the SPM (Single Point Mooring) method will save around $ 114.300.205 for 4 years scale or $ 28.575.051 in a year.

Effect of Price Levels, Exchange Rates and Interest Rates on Return on Assets of Commercial Banks in Nigeria

The profitability of commercial banks in Nigeria has been characterized by fluctuating trend over the years. Due to the significant roles carried out by commercial banks, this scenario has brought about concerns in the financial sector of Nigeria. The study sought to establish the effect of price levels, exchange rates and interest rates on return on assets of commercial banks in Nigeria. The period 2010 to 2017 was the time scope of the study. The study was based on descriptive, correlation and panel regression analyses which focused on the period 2010 to 2017. The study established that price levels had a significant effect (β=0.003, p=0.0170) on return on assets of commercial banks in Nigeria. The study findings indicate that exchange rates had a significant effect on return on assets (β=-0.0002, p=0.0440). Interest rates had a significant effect on return on assets (β=0.0136, p=0.0090) of commercial banks in Nigeria. The study recommends that the managers of commercial banks in Nigeria should always be in the know of the prevailing economic conditions of the country and that of other countries which they have operational branches. Commercial banks can engage in foreign exchange hedging practices where the fixed forward exchange rates can be used. This will cushion against the potential adverse effect of exchange rates on the assets of commercial banks. The study further recommends that policy makers and regulators (government) should implement policies that will lower the exchange rates which in turn will enhance the value of the local currency. This can be done by upholding restriction policies by government on importation of similar goods which are already manufactured locally in Nigeria. The study further recommends that in periods of high demand for loans, bank managers can take advantage of such periods by charging higher interest rates on loans, however moderately. Price discrimination can also come into play so as to apply different interest rates on loans to different customers which can be guided by their credit history. Keywords: Price levels, Exchange Rates, Interest Rates, Return on Assets and Commercial Banks DOI: 10.7176/EJBM/12-15-12 Publication date: May 31 st 2020

ROI based Indonesian Paper Currency Recognition Using Canny Edge Detection

Paper currency recognition is important for automatic payment system. The paper performs a nominal paper detection process using image processing with canny method implemented in python programming language. The canny method is used to find edge features in the nominal currency. By using template matching of image reference, region of interest (ROI) of nominal value is extracted so that it can be used in any orientation of paper currency image. The ROI of nominal image is processed by canny edge method and spatial transformation to strengthen the image features and being processed by template matching to decide nominal currency. The study has successfully tested nominal value of 1000, 2000, 5000, 10000, 20000, 50000, and 100000 Indonesia banknotes which then the currency value will appear in the value variable in python.

Cryptocurrency Turnover as an Object of Crime and Doctrinal Errors in its Perception

Cryptocurrency and the problems of its legal regulation have recently become the subject of numerous studies. Legal science, including criminal law, does not stand aside. The contradictory nature of the legal nature of cryptocurrencies, the inability to accurately determine their species affiliation, a fairly large number of questions from the law enforcer led to an extensive doctrinal discussion. In author’s opinion, one of the most urgent questions is the definition of cryptocurrency relations as an object of crime and how errors in the perception of these relations and, most importantly, their subject matter, affect the enforcement and subsequent qualification of crimes. The paper discusses in detail the main points of view on the essence of cryptocurrency, the position of scientists on this issue. The author explains why cryptocurrency cannot be attributed to the types of securities, currencies or currency values known to modern law, and offers her own approach to the definition of cryptocurrency and cryptocurrency relations, and indicates how this affects the application of the criminal law.

Investment in Ghana: An overview of FDI components and the impact on employment creation in the Ghanaian economy

As foreign direct investment provides a new way for many countries to improve their economies with Ghana not being an exemption. The source of FDI countries looks on to give Ghana a new way of advancement. This study provides a general overview on the inflow of foreign direct investment to Ghana. By considering FDI component values, local currency values, the overall number of projects registered and employment creation to investigate their significance in Ghana’s economy. This study makes use of the descriptive statistical method that promote data analysis in a quantitative way. The results revealed that, FDI component contributes heavily to the total foreign direct investment values in Ghana. The outcome also shows that, of the whole number of registered projects, about 72.10% were wholly-foreign owned but in the aspect of the aggregate cost of these projects, the value of joint ventures (between Ghanaians and their foreign counterparts) weigh higher than that of wholly-foreign owned businesses. The result further indicates that, on the account of employment creation, Ghanaians enjoyed about 85% of the total jobs to be created. It is suggested that the government of Ghana should encourage its citizen to contribute more to investment.

Bitcoin pricing: impact of attractiveness variables

The research seeks to contribute to Bitcoin pricing analysis based on the dynamics between variables of attractiveness and the value of the digital currency. Using the error correction model, the relationship between the price of the virtual currency, Bitcoin, and the number of Google searches that used the terms bitcoin, bitcoin crash and crisis between December 2012 and February 2018 is analyzed. The study also applied the same analysis to prices of Bitcoin denominated in different sovereign currencies traded during the same period. The Johansen (J Econ Dyn Control 12:231-254, 1988) test demonstrates that the price and number of searches on Google for the first two terms are cointegrated. This research indicates that there are strong short-term and long-term dynamics among attractiveness factors, suggesting that an increase in worldwide interest in Bitcoin is usually preceded by a price increase. In contrast, an increase in market mistrust over a collapse of the currency, as measured by the term bitcoin crash, is followed by a fall in price. Intense world economic crisis events appear to have a strong impact on interest in the virtual currency. This study demonstrates that during a worldwide crisis Bitcoin becomes an alternative investment, increasing its price. Based on it, bitcoin may be used as a safe haven by the financial market and its intrinsic characteristics might help the investors and governments to find new mechanisms to deal with monetary transactions.

The Invisible Risk: Pandemics and the Financial Markets

Are pandemics systemically important to modern-day financial markets? This study uses the COVID-19 pandemic as a natural experiment for testing how large-scale pandemics affect the financial markets. Using hand-collected data at the firm level, I find that managers systematically underestimated their exposure to pandemics in their SEC-mandated risk factors, and the vast majority of firms decreased in value at the pandemic's onset. I also find that the pandemic triggered unprecedented changes in U.S. employment levels and the values of bonds, commodities, and currencies. These types of findings suggest that pandemics are systemically important to the financial markets. Overall, this study provides some of the first large-scale evidence on how pandemics affect the financial markets.

PENGEMBANGAN SISTEM INFORMASI JASA PENUKARAN VALAS

The role of money changers is very important in meeting the needs of foreign exchange for the community. This role can also be fulfilled by banks and other financial institutions. People who want to order foreign currencies at this time still have to go through traditional procedures, where the buyer is required to come directly to the place of foreign exchange. This study intends to build a system design that can make currency orders and provide information on foreign exchange rates contained in each money changer through a web-based application. This research uses the Object Oriented Analysis and Design (OOAD) method, literature study, and data collection methods using a questionnaire. Based on the problems outlined and the results of the study, this system can be a source of information on foreign exchange rates and also an alternative order for foreign exchange. Foreign exchange orders can be made online through this information system. This system will continue to be developed with various features such as payment methods using biometric security methods with the support of Artificial Intelligence (AI) technology. So users can search for foreign currency values and order them easily through online media.