Folk magic refers to the practices and beliefs that are deeply rooted in the tradition and culture of a specific community or region. It is often characterized by its close connection to the natural world and the use of everyday objects and rituals to bring about desired outcomes. One prominent figure in the study of folk magic is Roger J. Horne. Horne has dedicated much of his life to researching and documenting various forms of folk magic, particularly in the Appalachian region of the United States. Horne's work is focused on understanding the beliefs and practices of folk magic and exploring their historical and cultural significance.
JEL Classification: F31, G23, G10, G13, G15, G01
We find that client sectors are heterogeneous with respect to their liquidity needs and that their aggregate positions are small compared to dealer inventories. Regardless of publication bias, however, my experience funding replication studies while working at the International Initiative for Impact Evaluation 3ie is that not all replication researchers carry torches and pitchforks.
Horne's work is focused on understanding the beliefs and practices of folk magic and exploring their historical and cultural significance. He has conducted extensive fieldwork, collecting stories, spells, and charms from local practitioners and sharing this knowledge through his writings. His research has revealed the diverse range of beliefs and practices within folk magic, highlighting the importance of individual creativity and adaptation in magic rituals.
Which Witch is Which? Deconstructing the FX Markets Activity
Using regulatory data on transactions and positions, we provide a comprehensive overview of the activity in the foreign exchange (FX) derivatives markets, including futures, swaps, and options, covering both exchange-traded and over-the-counter (OTC) products. The heretofore publicly unavailable statistics trace the behavior of dealers, hedge funds, asset managers, pension funds, insurance companies, and sovereign and supranational institutions before, during, and in the aftermath of the market stress of March 2020. We show that when the COVID market shock sharply increased the demand for the U.S. dollar (USD), certain client sectors (e.g., hedge funds and sovereigns), along with dealers, provided USD liquidity by significantly increasing their long-USD swap positions. We find that client sectors are heterogeneous with respect to their liquidity needs and that their aggregate positions are small compared to dealer inventories. In addition to the inter-sector heterogeneity, we highlight the heterogeneity of firms within a client sector by focusing on hedge funds’ USD/Euro swap positions—the most active client sector and currency pair in our data. The FX dealers, on the other hand, follow largely similar strategies, are competitive, and engage in multilateral netting arrangements to significantly reduce their risk exposure. Finally, using a sample of hedge funds that simultaneously participated in swaps and futures markets, we present evidence on trading volumes and frequencies that suggests that the OTC market is the preferred space for FX risk transfer, whereas the exchange-traded derivatives market serves the price discovery and immediacy functions for smaller trades.
Keywords: Foreign exchange markets, FX swaps, FX forwards, FX futures, FX options, FX spot markets, COVID market stress
JEL Classification: F31, G23, G10, G13, G15, G01
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One of the key aspects of folk magic that Horne emphasizes is its connection to the land and the natural world. Many folk magic traditions involve gathering and using herbs, stones, and other natural materials in spells and rituals. These practices reflect a deep respect for the power of nature and the belief that certain objects and elements possess inherent magical properties. Horne's work also sheds light on the role of folk magic in providing a sense of empowerment and agency to individuals within their communities. Folk magic rituals and spells are often performed by individuals seeking healing, protection, or guidance in their daily lives. By engaging with these practices, people can tap into a sense of personal power and connect with a spiritual dimension that is intimately linked to their cultural heritage. Overall, Roger J. Horne's exploration of folk magic offers valuable insights into the traditions, beliefs, and practices of various communities. His work not only preserves these vital aspects of cultural heritage but also highlights the enduring significance of folk magic in today's modern world..
Reviews for "Roger J Horne's Folk Magic: Honoring Ancestors and Ancient Wisdom"
1. Emily - 2/5 stars - I had high hopes for "Folk Magic" by Roger J Horne, but I ended up feeling disappointed. The book lacked depth and failed to fully explore the concepts of folk magic. The writing style was also quite confusing and hard to follow at times. I was expecting a more comprehensive guide to folk magic practices, but this book fell short.
2. Michael - 2/5 stars - As someone interested in folk magic, I was excited to read Roger J Horne's book. However, I found it to be lacking in substance. The information provided was basic and did not offer anything new or insightful. Additionally, the writing style was dry and boring, making it difficult to stay engaged. Overall, I was disappointed with this book and would not recommend it to others seeking a comprehensive exploration of folk magic.
3. Samantha - 1/5 stars - I regret purchasing "Folk Magic" by Roger J Horne. The book was poorly written and seemed to lack any real knowledge or understanding of folk magic practices. The information provided was vague and incomplete, leaving me feeling unsatisfied. I was hoping to gain new insights and guidance from this book, but unfortunately, it failed to deliver. Save your money and look for better resources on the topic.