What Determines Utility of International Currencies?

In previous studies, we estimated a time series of coefficients on five international currencies (the US dollar, the euro, the Japanese yen, the British pound, and the Swiss franc) in a utility function. We call the coefficients utilities of international currencies. The time series show that the ut...

Full description

Bibliographic Details
Main Authors: Eiji Ogawa, Makoto Muto
Format: Article
Language:English
Published: MDPI AG 2019-01-01
Series:Journal of Risk and Financial Management
Subjects:
Online Access:http://www.mdpi.com/1911-8074/12/1/10