Journal Article

The nature of money in modern economy - implications and consequences by Stephen Zarlenga and Robert Poteat

Mahmoud Al-Jarhi, Mabid Ali Mohamed (2016)

Reforming the contemporary monetary and financial system has come under the limelight with the onset of the last international financial crisis. Zarlenga and Poteat focus on the elimination of credit money and the return of the exclusive right of issuing money to the government as a key to reforming

Journal Article

Option volatility and the acceleration Lagrangian

Baaquie, Belal E.; Yang, Cao (2014)

This paper develops a volatility formula for option on an asset from an acceleration Lagrangian model and the formula is calibrated with market data. The Black-Scholes model is a simpler case that has a velocity dependent Lagrangian. The acceleration Lagrangian is defined, and the classical solution

Journal Article

Option pricing: Stock price, stock velocity and the acceleration Lagrangian

Baaquie, Belal E.; Xin, Du; Bhanap, Jitendra (2014)

The industry standard Black-Scholes option pricing formula is based on the current value of the underlying security and other fixed parameters of the model. The Black-Scholes formula, with a fixed volatility, cannot match the market's option price; instead, it has come to be used as a formula for

Journal Article

Statistical microeconomics and commodity prices: theory and empirical results

Baaquie, Belal E. (2016)

A review is made of the statistical generalization of microeconomics by Baaquie (Baaquie 2013 Phys. A 392, 4400-4416. (doi:10.1016/j.physa.2013.05.008)), where the market price of every traded commodity, at each instant of time, is considered to be an independent random variable. The dynamics of commodity