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- Title
Emergence and Stability of Key Currency in Artificial International Trade.
- Authors
Yamashita, Tomohisa; Kurumatani, Koichi; Sasaki, Yuichi; Kawamura, Hidenori; Ohuchi, Azuma
- Abstract
In this research, we tackled the emergence and stability of key currency when economic strength countries was equal. We propose an artificial international market model with currency credibility as the standard selected for payment. We constructed multiple markets based on the X-Economy System. Through simulations, we found the possibility that key currency could emerge in a symmetric situation, and market and the specialization of production could be stabilized by foreign exchange trade.
- Subjects
INTERNATIONAL trade; MONEY; COMMERCIAL policy; COMMERCIAL markets; INTERNATIONAL business enterprises; PAYMENT
- Publication
New Generation Computing, 2005, Vol 23, Issue 1, p13
- ISSN
0288-3635
- Publication type
Article
- DOI
10.1007/BF03037646