English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

This paper fundamentally reformulates economic and financial theory toinclude electronic currencies. The valuation of the electronic currencies willbe based on macroeconomic theory and the fundamental equation of monetarypolicy, not the microeconomic theory of discounted cash flows. The view ofelectronic currency as a transactional equity associated with tangible assetsof a sub-economy will be developed, in contrast to the view of stock as anequity associated mostly with intangible assets of a sub-economy. The view willbe developed of the electronic currency management firm as an entityresponsible for coordinated monetary (electronic currency supply and valuestabilization) and fiscal (investment and operational) policies of asubstantial (for liquidity of the electronic currency) sub-economy. The riskmodel used in the valuations and the decision-making will not be theubiquitous, yet inappropriate, exponential risk model that leads to discountrates, but will be multi time scale models that capture the true risk. Thedecision-making will be approached from the perspective of true systems controlbased on a system response function given by the multi scale risk model andsystem controllers that utilize the Deep Reinforcement Learning, GenerativePretrained Transformers, and other methods of Artificial Intelligence(DRL/GPT/AI). Finally, the sub-economy will be viewed as a nonlinear complexphysical system with both stable equilibriums that are associated withshort-term exploitation, and unstable equilibriums that need to be stabilizedwith active nonlinear control based on the multi scale system responsefunctions and DRL/GPT/AI.

A new economic and financial theory of money