Needs and computability of absolute economic standard

Abstract

In this study, we propose the new economic standard which can estimate the value of financial assets without any use of spicified currency or asset. Time series of price is the most essential subject for financial studies and is supposed to show the changing value of the assets, but in reality, a price shows not only the value of the asset but also the value of currency. The volatility of currencies are none the smaller for that of assets, therefore, time series analysis contains inveitable distortion. In this paper we show some actual examples and how the new standard solves this problems.