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Initiating a True International Currency

2021-12-13 Business & Economics
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Release : 2021-12-13
Genre : Business & Economics
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Book Synopsis Initiating a True International Currency by : Abdurrahman Arum Rahman

Download or read book Initiating a True International Currency written by Abdurrahman Arum Rahman. This book was released on 2021-12-13. Available in PDF, EPUB and Kindle. Book excerpt: The US dollar and the euro are not true international currencies, but the currencies of the United States and the Euro, which are “adopted” into international currencies. We designed a truly international currency that is controlled jointly by all (member) countries in the world in a democratic and decentralized manner. The name of the system is organic. The organic system issues an international currency called organic currency. The organic currency is only for international transactions between member countries. Meanwhile, domestic transactions still use their respective national currencies. This system can provide international currency and FX reserves to all (member) countries in the world for free. This system can free all countries from government foreign debt, maintain a balance of payments, make the international monetary system stable, and eliminate the monetary crisis from its roots. This system can start from a small scale, such as ASEAN, South Asia, East Asia, Middle East, Latin America, East Africa, West, Central, and other regions. Unlike the Euro model, this system does not require economic integration. So all countries in the world can join in their condition as they are. In this third edition book, we deepen the theory, improve the plot, sharpen the analysis, add examples, remove some less essential parts, and add references to raise academic standards. We maintain a very simple writing system, easy to read, accompanied by empirical examples and easy-to-understand illustrations. We want the discussion of the international economic and monetary system to be “friendly” for all and “not scary”. We avoid very technical terms. Even if there are, we always provide very simple explanations and illustrations. Everyone can read this book. Because international currency is of public interest. Every individual on earth has the right to know clearly.

Initiating a True International Currency - Summary

2022
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Release : 2022
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Book Synopsis Initiating a True International Currency - Summary by : Abdurrahman Arum Rahman

Download or read book Initiating a True International Currency - Summary written by Abdurrahman Arum Rahman. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt: The Global Currency Initiative (GCI) pioneered a democratic and decentralized international currency system. It's called an “organic system”. The organic system is an international currency system that is jointly developed and managed by all countries in the world, or member countries, and becomes part of their respective national currencies. The organic system issues an international payment instrument called “organic currency”. The organic currency is only for transactions between member countries. Non-member countries cannot use organic currency. Domestic transactions continue to use their respective national currencies. The exchange rate between organic and national currencies use an “auto-balancing” system that is fully flexible following the fundamentals so there is no need for economic integration. The relationship between international and national currencies is organic (to be part of) and hybrid (interconvertible). The organic system is digital, using (semi) automated and (semi) decentralized technologies.

The Japanese Yen as an International Currency

1991-01-01 Business & Economics
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Release : 1991-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 992/5 ( reviews)

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Book Synopsis The Japanese Yen as an International Currency by : Mr.George S. Tavlas

Download or read book The Japanese Yen as an International Currency written by Mr.George S. Tavlas. This book was released on 1991-01-01. Available in PDF, EPUB and Kindle. Book excerpt: The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.

Exorbitant Privilege

2011-01-07 Business & Economics
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Release : 2011-01-07
Genre : Business & Economics
Kind : eBook
Book Rating : 784/5 ( reviews)

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Book Synopsis Exorbitant Privilege by : Barry Eichengreen

Download or read book Exorbitant Privilege written by Barry Eichengreen. This book was released on 2011-01-07. Available in PDF, EPUB and Kindle. Book excerpt: It is, as a critic of U.S.

Currency Wars

2012-08-28 Business & Economics
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Release : 2012-08-28
Genre : Business & Economics
Kind : eBook
Book Rating : 564/5 ( reviews)

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Book Synopsis Currency Wars by : James Rickards

Download or read book Currency Wars written by James Rickards. This book was released on 2012-08-28. Available in PDF, EPUB and Kindle. Book excerpt: In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

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