Multilateral Virtual Currency Model
6 Pages Posted: 1 Sep 2012 Last revised: 19 Nov 2012
Date Written: August 31, 2012
Abstract
This project represents a basic design of a multilateral FX market that synthetically connected to the modern bilateral FX market. The essence of the multilateral FX market is an introduction of the single rates generating by the multilateral FX structures. These single rates are single currency representations of the multicurrency structures. A synthetically constructed rate can provide the unique rate representation for each of the multilateral components of the structure.
Keywords: Multilateral FX
JEL Classification: C50, E40, F31
Suggested Citation: Suggested Citation
Gikhman, Ilya I., Multilateral Virtual Currency Model (August 31, 2012). Available at SSRN: https://ssrn.com/abstract=2139554 or http://dx.doi.org/10.2139/ssrn.2139554
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