DOES CURRENCY SUBSTITUTION AFFECT EXCHANGE RATE VOLATILITY?

Does Currency Substitution Affect Exchange Rate Volatility?

This study investigates the impacts of the degree of currency substitution on nominal exchange rate volatility in seven countries (Indonesia, the Philippines, the Czech Republic, Hungary, Poland, Argentina, and Peru).We use the Threshold ARCH model to consider the ratchet effect of currency substitution and sample periods in the 2000s, during which

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A Project of a Bilingual Dictionary of Linguistic Savoir-Faire

This paper discusses a Polish-German savoir-faire dictionary, which is currently being created as part of a research project.The author presents the ENHANCED COLLAGEN RELAX lexicographic framework, the source material and the structure of the entries.The main analytical problem is the German functional equivalence of Polish politeness expressions.T

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Failure prognosis of multiple uncertainty system based on Kalman filter and its application to aircraft fuel system

Failure prognosis is the key point of prognostic and health management or condition-based maintenance, the multiple uncertainty sources in real world will lead to inaccurate prediction.In this paper, Fitness an advanced failure prognosis method with Kalman filter is presented to address the real-world uncertainties.The multiple uncertainty sources

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