STATIONARY DYNAMIC PROGRAMMING IN THE CRYPTOGRAPHIC CURRENCY RESEARCH

Journal Title: Journal L`Association 1901 SEPIKE - Year 2018, Vol 1, Issue 21

Abstract

The article is dedicated to the issue of applying a money search theoretical Kiyotaki's & Wright's (1993) model and its application by Hendrickson, Hogan & Luther (2014) to the cryptographic currency field. The main method for the analysis is a numerical implementation of the model, which allows to understand the model better and dwell on its adequacy. Although cryptomoney has been closely followed by an Internet-community, the main focus essentially belongs to financial engineering, market position, legal status and political economy of cryptographic money. In current research an emphasis is made on the quantitative macroeconomic side of the cryptocurrency and its co-existence with fiat money.

Authors and Affiliations

Oleg Boiko

Keywords

Related Articles

RISK FACTORS FOR THE INVOLVEMENT IN CRIMINAL BEHAVIORS IN THE JUVENILES

The objective of this study is to present a general overview of the risk factors that are defined by the youth as causes for their involvement in criminal activities. Also part of the research identifies both the risk fa...

POSSIBILITIES OF THE BRAND-ORIENTED NATIONAL ECONOMY

The dynamic of commercial brands TOP-100 according BrandFinance is analyzed. The brand is defined as a tool of economic development of the national economy. The impact of the brand on economic growth at all levels of the...

THE DEVELOPMENT OF NAFTA, ITS TRANSFORMATION INTO THE USMCA AND TRADE RELATIONS WITH UKRAINE

The authors of the paper examine and analyzes processes of economic integration in North America. The results of NAFTA and its impact on trade between the member countries are defined. NAFTA is compared to the USMCA agre...

COORDINATION OF THE ECONOMIC SECURITY SYSTEM

The properties of the enterprise economic security system, which are the result of the analysis of the static condition of this system and manifest in its operation, are shown in this article. The content of the "feature...

SMEs IN THE SLOVAK REPUBLIC AND THEIR INNOVATIVE ACTIVITY

It is generally acknowledged, that small and medium-sized enterprises (SMEs) are the basics of all economies, as well as a key source of the economic growth, dynamism and flexibility. SMEs are important for bringing inno...

Download PDF file
  • EP ID EP421024
  • DOI -
  • Views 156
  • Downloads 0

How To Cite

Oleg Boiko (2018). STATIONARY DYNAMIC PROGRAMMING IN THE CRYPTOGRAPHIC CURRENCY RESEARCH. Journal L`Association 1901 SEPIKE, 1(21), 72-78. https://europub.co.uk/articles/-A-421024