Category Archives: Book chapters

Optimal_Exchange_Rate_Fig_0

Optimal Exchange Rate (SPbSTU Press, 2004)

Financial stability of national currencies involved in the globalization process requires flexible regulation and control of exchange rate fluctuations dynamics. Government control of currency fluctuations aimed at reducing inflation trends is favorable for economic activity such as forward transactions, business planning, contracts etc. However, in the long term this control prevents national monetary systems from adapting to changeable global environment and can eventually produce large-scale currency crashes. In this paper, […]

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Stability_of_Revenue_Flows_Fig_0

Stability of Revenue Flows (SPbSTU Press, 2004)

Analysis of temporal fluctuations of the volume of income taxes collected in St.Petersburg administrative districts has been performed. The dynamics of the analyzed time series has a multiscale noise structure which includes both periodic and stochastic components. Using the Fourier spectral analysis technique, the Hurst’s rescaled range analysis and the Pareto distribution method, we have recognized the groups of districts with low and high stability of the 30-day microeconomic cycle. […]

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Fractal_Structure_of_Monetary_Crashes_Fig_0

Fractal Structure of Monetary Crashes (SPbSTU Press, 2004)

Nonstationary fractal analysis of currency exchange rate fluctuations in 162 countries with different political, financial and economical systems during the period of 1995-2002 has been conducted. The C.K.Peng’s detrended fluctuation analysis (DFA) is applied in order to reveal inflation tendencies and unstable regimes in currency dynamics over a broad range of temporal scales (5 minutes to 90 days). We show for the first time that the fractal structure of exchange […]

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