The Global Currency Area a Way to Constructively End the Era of Reserve Currency

Dobija, Mieczysław (2014) The Global Currency Area a Way to Constructively End the Era of Reserve Currency. Modern Economy, 05 (04). pp. 289-302. ISSN 2152-7245

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Abstract

An integrative currency area that is able to unify countries with different levels of labor productivity leads to a global currency area with only one currency. In such a scenario, the reserve money system would obviously disappear. This concept, linked with the correct view that money is a receivable for labor done, offers a new vision of globalization. This paper considers the necessary fundamentals of a global currency area and a post-exchange rate world economy. The study explores a new financial framework as well as the significance of the labor productivity ratio in macroeconomic control.

Item Type: Article
Subjects: West Bengal Archive > Multidisciplinary
Depositing User: Unnamed user with email support@westbengalarchive.com
Date Deposited: 14 Jul 2023 11:39
Last Modified: 06 Sep 2024 08:32
URI: http://article.stmacademicwriting.com/id/eprint/1234

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