The Single Global Currency

The Single Global Currency Author Morrison Bonpasse
ISBN-10 0977842673
Release 2014-03
Pages 286
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This 2014 Edition of THE SINGLE GLOBAL CURRENCY - COMMON CENTS FOR THE WORLD is the fifth book of this name, and it updates the text of the original 2006 edition. The 2007, 2008 and 2009 editions included the original edition together with an annual update appendix. Future editions are planned in five year increments for 2019 and 2024, the latter date being the 80th anniversary of the 1944 Bretton Woods Conference. The book is for all readers around the world, as every human being in our increasingly globalized world has an interest in achieving the goal of a Single Global Currency. What the people of the world want and deserve is stable money, so that the money they earn, save and invest today will be worth almost the same tomorrow. The Single Global Currency will provide that stability. It is the common cents/sense currency for our increasingly globalized world. The current multicurrency global monetary system is volatile and extremely risky as $5.3 trillion worth of currencies are traded every trading day on the global foreign exchange markets. Currencies crises are a continuing threat. Avoiding the effects and risks of currency fluctuations and rapid flows of cross-currency capital were the primary goals of the International Monetary Fund at its 1945 creation, and the Single Global Currency will solve both problems. The Single Global Currency will be managed by a Global Central Bank within a Global Monetary Union. Since 1999, the primary model for this "3-G" system has been the euro which is managed by the European Central Bank within the European Monetary Union. Beginning with 12 member countries, the eurozone now has 18 members and continues to grow toward its full potential of all the members of the growing European Union, which now number 28. Creation of a Single Global Currency is not a new idea or goal, but is now feasible thanks to automation and the increasing interdependence of the world's peoples. The potential benefits of a Single Global Currency are staggering: - Worldwide asset values will increase by about $10 trillion. - Worldwide GDP will increase by $trillions. - Global trade will increase by $trillions. - Annual FX trading transaction costs of $300 billion will be avoided. - Global currency/payments imbalances will be eliminated. - Currency crises will be eliminated. - Currency speculation will be eliminated. - The need for unproductive foreign exchange reserves will be eliminated. Currently, the 193 members of the United Nations use 140 currencies for their international and domestic transactions. The 50+ members without their own national currencies are using the currencies of monetary unions of which they are members, or they are using ("izing") the currencies of other countries or monetary unions. As existing monetary unions in Europe, the Caribbean and Africa are expanded, and as new monetary unions are created in Africa, the Americas, Asia and the Mid-East, the number of currencies will continue to decline. At some "tipping point," perhaps after a merger of large currencies, the largest monetary union currency will likely be designated as the world's Single Global Currency. This process can be accelerated when individuals, nations and global institutions openly declare their support for a Single Global Currency and they initiate the necessary steps toward that goal. Such steps will include a global internet-based naming process for the new currency and a timeline for implementation. There is little question that the world is moving toward a Single Global Currency. The remaining question is When? The global challenge will be to achieve the Single Global Currency with a smooth transition from the existing multicurrency system. It is hoped that this book, and the work of the Single Global Currency Association (www.singleglobalcurrency.org) will help move the world in that direction.



The Euro

The Euro Author David Marsh
ISBN-10 9780300173901
Release 2011
Pages 352
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This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world's second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he analyzes the achievements and shortcomings of its first decade of existence. While the Euro represents a remarkable triumph of political will, great pressures are building on the single currency. Drawing on more than 100 interviews with leading figures associated with the Euro, and scores of secret documents from international archives, Marsh underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas. Hidden facts and fresh insights from "The Euro" --How the legacy of France and Germany's tortuous relations affects the Euro--Why the United Kingdom is unlikely to accept the Euro before 2025--The impact on the Euro of the U.S. credit crisis--How the Euro has rebounded against the aspirations of its founders--How Italy and Spain have massively lost competitiveness--Why radical changes must be adopted to prevent a European upheaval



The Single Currency and European Citizenship

The Single Currency and European Citizenship Author Giovanni Moro
ISBN-10 9781623560959
Release 2013-02-28
Pages 256
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Established in 2002, the Euro is now the currency of 17 countries used by over 335 million people daily. Although the single currency is much discussed in terms of macroeconomics and global finances, policymakers rarely address its impact on European citizenship in social, cultural, political, and everyday life economics terms. This hidden side of the single currency is the focus of the essays, which use various approaches, from economic history and political sociology to citizenship and legitimacy, to reveal the connections between the Euro and European citizenship. This timely contribution by renowned experts provides a greater understanding of the Euro at a time when it is not clear whether it should be celebrated or commemorated, and looks into aspects of the single currency that are the base of the social trust that supports it and that is at stake in the present crisis. It will be an essential tool to anyone studying the political, social, and economic development of the E.U.



The Monfort Plan

The Monfort Plan Author Jaime Pozuelo-Monfort
ISBN-10 0470293632
Release 2010-04-05
Pages 504
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The Monfort Plan is a five-year, forward looking plan to eradicate extreme poverty from the developing world, and details how microfinance has made a difference to developing countries. This book proposes a new institution based in the developing world with the potential to provide a basic, free, and universal service in the areas of water, sanitation, healthcare, and education to the extreme poor worldwide. The provision will be subject to a certain degree of conditionality in areas ranging from corruption to legal environment. The new institution will be established in a new international territory based within a specific country in Subsaharan Africa and will emerge in 2015. In The Monfort Plan author Jaime Pozuelo-Monfort engineers and designs a solution to lessen the burden of poverty. In order to do so he relies on the social sciences to bring about innovation and forward looking economic policies and financial instruments in the context of a paradigm shift. This book presents a multidisciplinary approach to policymaking that combines a range of fields in the social sciences, looking at the history behind the Marshall Plan, the formation of the European Union, and the Bretton Woods Institutions, in order to determine how a Marshall Plan for Africa-and the creation of New Institutions in the developing world-could work. We live a moment of crisis in which creative policymaking might prove useful when proposing outcomes for a revitalized framework for capitalism to thrive and better serve the world. Walks you through the technicalities of the new architecture of capitalism in a straightforward manner Provides a holistic view of how microfinance combined with the right economic policies and financial instruments could help change the world for the poor Contains sweeping and detailed recommendations on how to build a new capitalist paradigm that helps elevate the poor and improve the human condition Incorporating commentary from some of the top minds in the field of microfinance, this book puts the method of microfinance in perspective.



The Euro

The Euro Author Joseph E. Stiglitz
ISBN-10 0393354105
Release 2017-08-08
Pages 448
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The Nobel Prize winning economist and best-selling author explains why saving Europe may mean abandoning the euro."



Currency Wars

Currency Wars Author James Rickards
ISBN-10 9781101558898
Release 2011-11-10
Pages 320
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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. From the Hardcover edition.



The Incomplete Currency

The Incomplete Currency Author Marcello Minenna
ISBN-10 9781119019091
Release 2016-06-27
Pages 552
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"The Incomplete Currency explains the reasons that are at the root of the current unsolved Euro zone crisis: The architecture of the Euro, the relationship between finance and the real economy, the functioning of the Eurosystem and how the unique currency has changed EU countries' economies are all topics analysed and illustrated in an elementary yet rigorous way, making extensive use of examples, tables, and numerous coloured graphics. Datasets and their statistical elaborations support the arguments illustrated throughout the book. Facts, not theories, matter: every assumption and statement is justified with strong evidence and data. In a macroeconomic context where the monetary policy is the prerogative of the European Central Bank and fiscal policy. Hopeless austerity works against the economic recovery of the Euro Zone countries, a positive attitude is difficult but necessary. Therefore, from the perspectives of solutions available to restore the unique interest rate curve, the reader is guided through a reasoned journey that carefully considers the pros and the cons of each possible solution and its implications"--



Transforming the United Nations System

Transforming the United Nations System Author Joseph E. Schwartzberg
ISBN-10 9789280871999
Release 2016-09-02
Pages 404
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Global problems require global solutions. The United Nations as presently constituted, however, is incapable of addressing many global problems effectively. One nation– one vote decisionmaking in most UN agencies fails to reflect the distribution of power in the world at large, while the allocation of power in the Security Council is both unfair and anachronistic. Hence, nations are reluctant to endow the United Nations with the authority and the resources it needs. Extensive reform is essential. This analysis is rooted in the proposition that the design of decisionmaking systems greatly affects their legitimacy and effectiveness. Joseph Schwartzberg proposes numerous systemic improvements to the UN system, largely through weighted voting formulas that balance the needs of shareholders and stakeholders in diverse agencies. It indicates ways in which the interests of regions can supplement those of nations while voices of nongovernmental organizations and ordinary citizens can also be heard. In numerous contexts, it promotes meritocracy and gender equity. The book's aim is not to create an unrealistic utopia, but rather to establish a workable world in which the force of law supplants the law of force; a world committed to justice and continuous yet sustainable development. The author argues that, given the many existential threats now confronting our planet, the time frame for decisive action is short. The task is daunting and success is not guaranteed, but in view of the urgency of our situation, we can find ways of mustering the will, imagination, and resources to do the job.



Open Innovation in the Financial Services

Open Innovation in the Financial Services Author Daniel Fasnacht
ISBN-10 9783540882312
Release 2009-02-11
Pages 209
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Open innovation means gathering new ideas from sources beyond organizational boundaries. It occurs when solutions to address clients’ needs are developed in collaboration and the resulting products and services are distributed through a flexible network of partners. Daniel Fasnacht’s book, the first of its kind, discusses open business models in the context of the financial services industry. He elaborates the drivers for strategic change such as increasingly sophisticated clients or demanding shareholders among other trends, including the recent global financial crisis, and explains why the transition from a closed model of operation to open innovation is vital. Various case studies illustrate how to integrate the client into the firm's innovation process and emphasize the importance of smart client segmentation and a holistic advisory model to serve clients around the globe. Leaders must develop a set of new management practices to be able to invest in multiple strategic directions. They are responsible for giving clients a remarkable experience and for creating social relationship capital based upon an open innovation culture. Open Innovation in the Financial Services provides a much-needed framework for helping to understand industry dynamics in banking and to make the most of organizational energy by using open innovation to sustain profitable growth. The book comes at the right time and offers a new mindset for business – not only for expansion strategies in general, but especially during turbulent times.



The People s Money

The People s Money Author Paola Subacchi
ISBN-10 9780231543262
Release 2016-11-15
Pages 256
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Many of the world’s major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi’s growth, and it has become clear that the underpowered currency is threatening China’s future. The nation’s leaders now face the daunting task of strengthening the currency without losing control of the nation’s economy or risking total collapse. How are they approaching this challenge? In The People’s Money, economist Paola Subacchi introduces readers to China’s monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in1978. She revisits the policies that fostered the country’s economic rise while at the same time purposefully creating a currency of little use beyond China’s borders. She shows the key to understanding China’s economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China’s ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the renminbi’s reach will play a major role in securing China’s future.



Money Meltdown

Money Meltdown Author Judy Shelton
ISBN-10 1439188467
Release 2009-11-24
Pages 412
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In this analysis, Shelton calls for a unified international monetary regime—a new Bretton Woods—to lay the foundation for worldwide stability and prosperity in the post-Cold War era. Despite worldwide rhetoric about free trade and the global economy, the leading economic powers have done little to address the most insidious form of protectionism—the inherently unstable international monetary system. In outlining steps toward a new world monetary structure, Judy Shelton elevates the needs of individual producers—who actually create wealth in the global economy—over the programmes of governments.



National Currencies and Globalization

National Currencies and Globalization Author Paul Bowles
ISBN-10 9781135976033
Release 2007-12-11
Pages 224
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Globalization and money – two concepts inextricably linked. In many ways the speed with which financial resources traverse the globe, the opportunities which this provides for the efficient allocation of resources, the possibilities which this creates for financial crises and traders who act as agents removed from the concerns of national citizens have come to symbolize the phenomenon, hopes and fears of ‘globalization’. However, inextricably linked they may be, but well understood they are not. In the case of national currencies, a wide variety of predictions and analyses can be found. For some, national currencies represent barriers to a seamless global economy. Others argue that national currencies will disappear due to the power of international financial markets which will force national governments to adopt more credible currencies and abandon their own. In contrast, others see imperialism or regionalism as the main challenges. Paul Bowles provides an innovative and systematic analysis of the implications of theories of globalization for national currencies. He critically examines whether, as a result, the world is heading for fewer currencies. He argues that the main ‘force of globalization’ which is endangering national currencies is that of globalization as ‘neoliberal globalism’. However there is no single neoliberal position on money and so the ‘contingent’ nature of neoliberalism explains why this particular force of globalization operates more strongly in some countries than others. This is demonstrated in case studies of four systemically significant currencies, namely, those of Australia, Canada, Mexico and Norway. National Currencies and Globalization will be of interest to researchers and students of International Political Economy, Politics, Economics and Finance.



The Optimist s Pessimist s Handbook

The Optimist s Pessimist s Handbook Author Niall Edworthy
ISBN-10 9781446422267
Release 2011-01-31
Pages 336
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Are optimists just reckless dreamers? Are pessimists miserable doom-mongers or just erring on the side of caution? Is the glass half empty or half full? Brilliantly compiled and beautifully written, this is a rich anthology of evidence from both sides of any argument. Covering everything from Beauty to Happiness, Patriotism to Walking, it is the perfect tool for squabbling families, a counterbalance for arguing couples and a mine of detail for the quarrelsome. The Optimist on the Afterlife: My heaven will be filled with wonderful young men and dukes. (Dame Barbara Cartland) And the Pessimist: 'That's what Hell will be like, small chat to the babbling of Lethe about the good old days when we wished we were dead. (Samuel Beckett)



World Empire and the Return of Jesus Christ

World Empire and the Return of Jesus Christ Author Simon Downing
ISBN-10 9781619040090
Release 2011-08-01
Pages 398
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The World Empire is coming by degrees - right now it is being built! That which Jesus predicted before his return, will be fulfilled - we are nearing the threshold point. Read for yourself the clear evidence of this global development and the outcome of world events.In your hands is a book which provides an overall view of the end times scheme, in a readable way. Within these pages the author humbly believes that the reader will find something on almost every aspect of this area of Christian teaching. It has been extensively researched, vastly sourced and uses over 1500 endnotes in support. 'World Empire and the return of Jesus Christ' offers a highly credible argument. As that is so, The Church of Jesus needs to arise and understand the times in which she exists. She must become active, telling others about Christ, and by living out the true gospel in word and deed. We are to be the prophetic voice in the wilderness for the Lord.Reader - Jesus Christ is coming in his glorious splendour. Every eye will see him, every knee shall bow before him and every person throughout history will confess him as Lord. The power of that day will be unrivalled, as the wondrous promises of God will come to pass. There is nothing more magnificent than this...What a day it will be!



Debating Globalization

Debating Globalization Author Anthony Barnett
ISBN-10 9780745657912
Release 2013-04-23
Pages 224
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Debating Globalization is a short, accessible introduction to the debate about globalization written by many of the most prominent figures in the field. Published by Polity in association with openDemocracy, the book is notable not just for focusing on the pressing difficulties facing our world, but also on solutions. Rich and positive suggestions are made for reshaping globalization into a force that will work for humans everywhere. In an extended analysis, David Held provides a robust critique of the present order and sets out his alternative vision. Building on arguments he made in Global Covenant, he calls for a new global political agenda, informed by social democratic political values. His analysis has been criticized by leading figures and their responses follow in this book. There are chapters by, among others, Martin Wolf, Roger Scruton, Grahame Thompson, David Mepham, Meghnad Desai, Maria Livanos Cattaui, Patrick Bond, Benjamin Barber, John Elkington, Takashi Inoguchi, Narcís Serra, and Anne-Marie Slaughter and Thomas N. Hale. The volume ends with David Held's reply to his critics. The book provides a fascinating introduction to the debate about globalization today.



Vitrium

Vitrium Author Michael Guthrie
ISBN-10 9781483545042
Release 2014-12-01
Pages 340
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At the heart of a global economic recovery effort, the mysterious Secretary General of the Order of Nations Enterprise presides over a vast infrastructure project, the VAC. The VAC connects the wealth and civilized world of thirty-two Mega-Alpha cities through underground trains in vacuum chamber tunnels traveling in excess of 8,000 kmh. Seventeen-year-old Jada Brilliant adjusts to life after losing her father, anxiously awaiting the next chapter of her life in college— until a chance trip to an Outlier City with her grandfather results in a freak accident in the Everglades, leaving her in sole possession of a secret formula capable of world domination. Left alone, fleeing from the wilderness into the world’s new cosmopolitan capitol, Jada is in a race for her life to keep her grandfather’s legacy from what she believes is corporate espionage, only to realize she is being pursued by the most powerful man on earth. When these two worlds collide, Jada’s new passage to adulthood presses the envelope of courage, love, trust, and survival.



The Dollar Trap

The Dollar Trap Author Eswar S. Prasad
ISBN-10 9781400873647
Release 2015-08-25
Pages 440
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The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.