Model of a Neutralised Currency and Exchange System for Central Banks
Model of a Neutralised Currency and Exchange System for Central Banks

Author(s): Peter Brass
Subject(s): Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Business Economy / Management, Political Theory, Economic policy, Environmental and Energy policy, Political economy, Financial Markets, Geopolitics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: complementary currency; global reference currency; unit of measurement currencies
Summary/Abstract: This paper describes a super-neutralised complementary currency as a currency and exchange system for central banks, independent of national interests which describes our world as a finite resource. The goal is a stable, crisis-proof financial system that meets the challenge of ecological and economic sustainability. In fact, it is more a unit of measurement then money, like the primal metre in Paris, but for money. Just as a uniform measure of length is important for natural sciences and technology, a fixed reference value for money can act like a Copernican turning point and could offer many benefits. This application leads to equality of weak and strong currencies. It enables weak economies to pursue an independent monetary policy and simplifies the path to monetary unions. It prevents speculation in the system. It creates a constraint to gradually reduce trade imbalances and enables over-indebted countries to get out of the debt trap.

• Details
• Contents