The Single Global Currency - Common Cents for Commerce
| Autor: | Bonpasse, Morrison |
|---|---|
| Rok vydání: | 2008 |
| Předmět: |
ComputingMilieux_COMPUTERSANDSOCIETY
jel:F4 ComputingMilieux_LEGALASPECTSOFCOMPUTING jel:F5 jel:E5 jel:E6 Single Global Currency monetary union dollar euro European Monetary Union Global Central Bank Global Monetary Union international monetary system Bretton Woods foreign exchange currency currency crisis transaction costs trade commerce |
| Popis: | As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to be conducted over time, they may purchase currency instruments to hedge against currency fluctuation. The costs of these tasks to such firms are significant. As an increasing number of international businesses understand that these expensive tasks are unnecessary for trade conducted within a monetary union, these businesses are likely to lead the effort to implement a Single Global Currency, to be managed by a Global Central Bank within a Global Monetary Union. In short, a "3-G" world. It's common cents. Much further research is needed to identify the benefits of a Single Global Currency and the steps and schedule necessary for implementation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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