{"entities":{"Q2676205":{"pageid":2686948,"ns":120,"title":"Item:Q2676205","lastrevid":57317469,"modified":"2026-03-30T09:50:40Z","type":"item","id":"Q2676205","labels":{"en":{"language":"en","value":"Benefits of fluctuating exchange rates on the investor's wealth"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 7593097"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$C655AFA3-3DB3-46E2-A573-C82CFC413E67","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"e4032005bc79cb7808f0060592f6354f2207b5cf","datavalue":{"value":{"text":"Benefits of fluctuating exchange rates on the investor's wealth","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q2676205$4DE5EBBF-01FC-4A7A-811D-BFD1CF93633D","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"815be39fa185a3ae7fcf0b1dcc12e2449fb1b1ad","datavalue":{"value":"1499.91114","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$608060B0-01CB-4A39-A8C9-81358F94A512","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"6ac6e5f92f507b3db1a0d5ae170f6d1fc561d6ed","datavalue":{"value":"10.1155/2022/5595610","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$4775FAA1-C974-4B40-8A07-EBF9E2680220","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"32fe0b08e67a7a362532bad3207d6457c4c0a88a","datavalue":{"value":{"entity-type":"item","numeric-id":2676204,"id":"Q2676204"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$1415054B-520B-4B28-9F45-4752C2BE313E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"7509e006ab6e161894799da4bc158d4bb3b1689b","datavalue":{"value":{"entity-type":"item","numeric-id":356926,"id":"Q356926"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$FF453F0C-3CEF-4688-A1FB-91793B325829","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"bb299feb2b87699ac8beef494c52fd2765eaf609","datavalue":{"value":{"entity-type":"item","numeric-id":118601,"id":"Q118601"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$F4CEA10C-29BF-4B8B-ABDD-503D9EF3B08C","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"7a032c601d5c74b5f731b850d38a9e9acf01c39b","datavalue":{"value":{"time":"+2022-09-27T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q2676205$AEF2959B-02C8-43DD-B5CF-79737855084D","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"1d5ad99a12806b0f0f395ab2523f13b2b494ae8c","datavalue":{"value":"Summary: We consider a problem of maximizing the utility of an agent who invests in a stock and a money market account incorporating proportional transaction costs (\\(\\lambda > 0\\)) and foreign exchange rate fluctuations. Assuming a HARA utility function \\(U(c) = c^p/p\\) for all \\(c\\geq0\\), \\(p<1\\), \\(p\\neq0\\), we suggest an approach of determining the value function. Contrary to fears associated with exchange rate fluctuations, our results show that these fluctuations can bring about tangible benefits in one's wealth. We quantify the level of these benefits. We also present an example which illustrates an investment strategy of our agent.","type":"string"},"datatype":"string"},"type":"statement","id":"Q2676205$92A14419-FF60-4CDC-AD6B-4D563112CC0A","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"7f918b855cc4e1ef3c50dee94916276dca231342","datavalue":{"value":"91G10","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$4DCC10AE-DDDB-4F8F-B2B4-BC138403F149","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"772afcc76afc6ed455612e61ae15c7b17b2b953a","datavalue":{"value":"60H30","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$8C5F58F9-74EC-4DDD-87D3-ADDE102CAAB0","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"b53639cd1721c8762e8559853f1617146296d733","datavalue":{"value":"7593097","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$75D6C1C8-BE2C-48EC-81D7-CAE6F37F44F9","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$4B1DB012-BB16-4E97-B7C3-EFF1AB5716C9","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"bb14adbd3dd98cfe9216826c9446e12c7af2943c","datavalue":{"value":"https://doi.org/10.1155/2022/5595610","type":"string"},"datatype":"url"},"type":"statement","id":"Q2676205$2D9E79E9-82C1-450F-85F1-A5C82E2924BF","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"5963bf87c09d174e2ba6e778b783f5fcf74aef74","datavalue":{"value":"W4286490603","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q2676205$B5FD843D-D5D3-485C-B11E-935A296EDCF1","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"4de9370a09b25939ae4d90e182c77ef71dccb0fe","datavalue":{"value":{"entity-type":"item","numeric-id":140187,"id":"Q140187"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$74DFD61A-A5F8-4686-84D2-9C8B6A31511F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"2551048234015d3a0b72450d72e03f9ec6428996","datavalue":{"value":{"entity-type":"item","numeric-id":1239674,"id":"Q1239674"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$AE462AE5-AE09-47EC-B79E-145BAACD99AA","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"61df92cc1bc4cc1f07d69244046c0ef26e3b4ba2","datavalue":{"value":{"entity-type":"item","numeric-id":2485800,"id":"Q2485800"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$505D8BFB-F437-4BFC-8E26-DCFDBF54F884","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"8fd76216b566e495f824c1dbe0fe870391da1ef5","datavalue":{"value":{"entity-type":"item","numeric-id":4902221,"id":"Q4902221"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$83C0B678-ABD7-487F-852C-3B6F2631A275","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"f598649b3ec8216f2ed562d81c033aef04758da7","datavalue":{"value":{"entity-type":"item","numeric-id":1887271,"id":"Q1887271"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$C9EC1CA2-B88C-42FC-B8F9-9F74F04F2C8E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"b3a8cb53973730e418583fd0fad79d4e1b062bc8","datavalue":{"value":{"entity-type":"item","numeric-id":4372005,"id":"Q4372005"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$3DDA7783-84C4-43ED-9F19-9FC8D7C90507","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"b8625592725279b71385d06ce871f17be5adc1b7","datavalue":{"value":{"entity-type":"item","numeric-id":5749130,"id":"Q5749130"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$ADEAA80E-E19C-498B-8680-8D9AFD0F0F5E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"01158bde247e0d459bbff25ad553e2c31204bcfb","datavalue":{"value":{"entity-type":"item","numeric-id":1336583,"id":"Q1336583"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$DD43BD09-E9E6-4143-9B0D-1B1CBC5252B7","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"df8cf41d012e57cf4e383505afdbbdf896689b38","datavalue":{"value":{"entity-type":"item","numeric-id":3005820,"id":"Q3005820"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e1fefa1d8ed258c5a9c1d9091ca0fda8bced5532","datavalue":{"value":{"amount":"+0.6960167288780212","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q2676205$682ECF47-1A5A-4731-B66A-DFF659B8A99E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"8e006b564d58f9433a965c5ccc392036c3c412da","datavalue":{"value":{"entity-type":"item","numeric-id":5143902,"id":"Q5143902"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"35c4db2a6dbde863d22c222e3bdbda0fa633cde5","datavalue":{"value":{"amount":"+0.6850992441177368","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q2676205$B773E0BA-FF85-4487-8D90-91FC5A772F7E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"057c3fdb8e9eb3b87c3abeb44ea6825ef35e2458","datavalue":{"value":{"entity-type":"item","numeric-id":483930,"id":"Q483930"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"3498b7ec0c1f52c19ed28a9de2aea134b27dab7b","datavalue":{"value":{"amount":"+0.6612393260002136","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q2676205$8358B769-4AF3-49CD-8020-F01C78F09A68","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"d213d12562d21c871a8f98c68a8e3c15404a6714","datavalue":{"value":{"entity-type":"item","numeric-id":2990958,"id":"Q2990958"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"df44e14990143bb3fcd437df0f928deb3cae8f17","datavalue":{"value":{"amount":"+0.6517819762229919","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q2676205$8D61B655-16B4-4514-B595-3E1CEB91C414","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"c309e6dc75da83595be40e9ed361b368b097b274","datavalue":{"value":{"entity-type":"item","numeric-id":4554707,"id":"Q4554707"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"76561a302c4ab6ec61ddcae4fbff60d4648cd2d0","datavalue":{"value":{"amount":"+0.6291891932487488","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"a327a09ea0305e98d5cf33bd4036320e19f2aed0","datavalue":{"value":{"entity-type":"item","numeric-id":6821328,"id":"Q6821328"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q2676205$980B01CD-1786-4ABE-8EDC-F5D5962568B9","rank":"normal"}],"P163":[{"mainsnak":{"snaktype":"value","property":"P163","hash":"45fcd4163b5f33e6e8c784f5522d7246c0a1a61e","datavalue":{"value":{"entity-type":"item","numeric-id":57056,"id":"Q57056"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q2676205$B1292B4B-58EC-4148-8E1F-7535677F367A","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Publication:2676205","badges":[]}}}}}