Global Single Currency (Gsc): Unified Financial Spectrum
Article Sidebar
Main Article Content
Abstract: This article interrogates the theoretical and practical perspective of corroboration of a Global Single Currency (GSC) within a single frame of digitally assimilated global economy. It conceives the basic proposition of value equalization (stable value), exchange unification and unified form of currency as instruments for reconciling global financial disparities, intensifying trade efficiency and enhancing a unified economic hub cross-border. Indeed, it has concurred through a resemblances analysis of the US Dollar (USD), Indian Rupee (INR) and EUR (Euro), and a review of literature, the article also traverse the evolving role of digital money and its core possibilities as the fundamental framework of worldwide single financial spectrum based on inclusivity and interoperability.
Downloads
References
Barbara L. Neuby , Sandra M. Barrett, “The Case for a Single Currency”, Kennesaw State University, Kennesaw, Georgia, USA 2 Sandra Barrett, MBA, MPA，Program Advocate-Victim Services, State of Georgia, USA Journal of Advances in Economics and Finance, Vol. 2, No. 2, May 2017 https://dx.doi.org/10.22606/jaef.2017.22002, DOI:10.22606/jaef.2017.22002 DOI: https://doi.org/10.22606/jaef.2017.22002
J. Andrew Spindler and Bruce J. Summers (1994), “The Central Bank and the Payment System”. ISBN: 9781557753861 Publication Date: 15 Dec 1994, Publisher: International Monetary Fund, 2. Also available https://doi.org/10.5089/9781557753861.071 DOI: https://doi.org/10.5089/9781557753861.071
Eva Jancikova (2018) & Eva Jancikova, “Innovations in the International Payments”, .University of Economics in Bratislava, Faculty of International Relations, Dolnozemská cesta and Stanislava Veselovská, Pan-European university, Faculty of Economics, Tematinska. 3. https://www.researchgate.net/publication/336165930_INNOVATI
Kimberly Amadeo (2022), “How the Value of Money is Determined''. https://www.thebalance.com/value-of-money-3306108
Cristy Lowry (2021) “How to calculate the exchange rate” https://www.westernunion.com/blog/en/us-how-to-calculate-exchange -rate/
Morrison Bonpasse (2007) “The single Global currency-common cents for Business”https://www.researchgate.net/publication/24114834_The_Single _Global_Currency_-_Common_Cents_for_Business
K. Rogoff, “Why Not a Global Currency?” American Economic Review, vol. 91, no 2, pp. 243-47, 2001. DOI: https://doi.org/10.1257/aer.91.2.243
R. Mundell, “The Euro, the Dollar and the International Monetary System”, Journal of Policy Modeling, vol. 27, no 4, pp. 465-475, 2005. DOI: https://doi.org/10.1016/j.jpolmod.2005.04.012
Keynes, J. M. (1944). The Bancor Plan, Bretton Woods Conference.
Mundell, R. (1961). A Theory of Optimum Currency Areas. American Economic Review.
Stiglitz, J. (2002). Globalization and Its Discontents. W.W. Norton & Co.
Eichengreen, B. (2007). The Euro at Ten: The Next Big Test. NBER.
BIS. (2022). CBDCs: A New Era of Digital Central Banking.
Zetzsche, D. A., Buckley, R. P., et al. (2019). The Rise of Global Stablecoins. Journal of Financial Regulation.
World Bank. (2023). Global Financial Development Report.
IMF. (2023). Digital Money and the Global Monetary System.
B. Steil, “The End of National Currency”, Foreign Affairs, vol. 86, no 3, pp. 83-96, 2007.
G. Bird, “Special Drawing Rights: How Fashions Change”, World Economics, vol. 11, no 1, pp.83-98. 2010.
B. Eichengreen, “When Currencies Collapse: Will We Replay the 1930s or the 1970s?”, Foreign Affairs, vol 91, no 1, pp. 117-120, 122-134, 2012.
R. Rahn, “A Constant Unit of Account”, Cato Journal, vol. 30, no 3, pp. 521-533, 2010.
Bernhard Fritz-Krockow Parmeshwar Ramlogan, “International Monetary Fund handbook : its functions, policies, and operations”, — Washington, D.C. : International Monetary Fund, Secretary’s Dept., 2007., ISBN 978-1-58906-625-0 .
This work is licensed under a Creative Commons Attribution 4.0 International License.
All articles published in our journal are licensed under CC-BY 4.0, which permits authors to retain copyright of their work. This license allows for unrestricted use, sharing, and reproduction of the articles, provided that proper credit is given to the original authors and the source.