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Forum Idea: Money Market
Topic Started: Jun 3 2015, 04:41 PM (113 Views)
Larsland
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This is inspired by real-world international currency trading. Basically the idea is to write some code for our region so we can have our own currency exchange. Basically:

> All nations in the region are given an amount of money (bigger government & bigger economy = more money). They periodically earn a small income as well based on the same.
> Nations can spend money on buying the currency of other nations
> The price of currency is determined by the supply of currency (smaller government & bigger economy) as well as the demand for the currency (if lots of people buy that currency, the price goes up, and selling brings the price back down)
> The exchange rate is naturally determined by the price of your own currency and the price of theirs.
> Nations can sell that currency for a profit (or loss)

Other features we could have:
> Leaderboards for top investors this month / week
> Opportunities to loan money to other nations
> The same simulation could also be applied to trade goods. Our nations could buy up gold or something
> In the long term we could add all sorts of neat stuff

I just thought it might be fun to code this. Would anyone here actually be interested or would it just be me?
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Nordwalsh
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You can just use a standard 'a' in my currency's name if that damn extended Latin alphabet gives you trouble.
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Larsland
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Nominal exchange rates based on my calculations so far. This is accounting for trade but not investment. Nations that are more importers than exporters will generally have values below 1. The model assumes floating rates and free trade.

Talo Balkan Founderian Talo Balkan Standard
0.0449483861953

Larslandian Coin
0.127011006433

Triodard and Florardian Vaalbar
1.01981316509

Waltch waicza
0.625161165984

russian imperialist tzar doller
0.60131941828

Palatankian Palat
11.6190820871

Antonia and Brookwoodian Kielveta
0.153775798986

Nettlesteinian Kronadom
0.0899485785111

Marshallanan Mark
1.15138024991

Altarian κύκλος
0.857771580544

Thedosian Republic credit
2.31163524661

Aprailean Credit
0.0318072337678

Persian Qecian Dollar
0.0825611998302

For example, 1 Triodard and Florardian Vaalbar = roughly 8 Larslandian Coins
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Larsland
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Note some nations can have a good economy but a weak currency position if their trade industries (for which I've just used the industries that NS gives stats on) are weak. Here are some more details from the simulation so far:

GLOBAL VALUE OF TRADE INDUSTRIES
Industry Value
CARS $143,975,585
CHEESE $89,602,331
BASKETS $117,436,858
IT $172,545,400
PIZZA $64,437,424
TROUT $74,637,044
ARMS $176,135,528
DRINKS $82,307,543
TIMBER $134,617,728
MINING $136,452,823
INSURANCE $85,849,658
FURNITURE $99,750,731
RETAIL $47,959,726
BOOKS $175,272,717
GAMBLING $103,668,977
TOURISM $258,693,297

STATS
GLOBAL GDP $4,935,423,022
GLOBAL TRADE $1,962,648,997
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Larsland
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Yes, believe it or not, pizza and drinks are far more heavily traded commodities than retail in our world.
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Triodard and Florard
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My nation probably consumes a large number of that pizza.
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Larsland
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Finished coding the AI for private investors. Again, very basic. Private investors like business subsidies, pro-market policies, and highly developed people who aren't particularly rude. How much private investment there is, is a set percentage of publicly held wealth. Their main effect is to push up the price of a currency by reducing supply.

UPDATED EXCHANGE RATES
CurrencyRate
Talo Balkan Founderian Talo Balkan Standard1.30826740786
Larslandian Coin0.797259207538
Triodard and Florardian Vaalbar1.02090455766
Waltch waicza1.86791393888
russian imperialist tzar doller0.64675892108
Palatankian Palat12.3521941577
Antonia and Brookwoodian Kielveta0.331552568715
Nettlesteinian Kronadom0.62203104659
Marshallanan Mark2.53448359913
Altarian κύκλος1.36235688107
Thedosian Republic credit4.00809084063
Aprailean Credit 0.0304654867618
Persian Qecian Dollar1.4276844518
Nuvonascian Nuvo0.0125245821213


People really are investing a lot into the Talo Balkan Standard it seems. Almost $50 million of investments for a "nation" with a GDP of about $275,000 :D
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Larsland
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BTW, I think these exchange rates equations will be final for the initial release. This should account for basically all important factors in determining currency valuation.
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