Global Single Currency (Gsc): Unified Financial Spectrum
Authors
MANU G
Ph.D Research Scholar in Management studies, IMK, Karyavattom Campus, University of Kerala, Trivandrum, India. (IN)
Article Information
DOI: 10.51583/IJLTEMAS.2025.140400044
Subject Category: MANAGEMENT
Volume/Issue: 14/4 | Page No: 434-437
Publication Timeline
Submitted: 2025-05-09
Published: 2025-05-15
Abstract
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.
Keywords
Global Single Currency (GSC), Value equalisation, Exchange Unification, Unified Economic Hub, worldwide single Financial Spectrum
Downloads
References
1. 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 [Google Scholar] [Crossref]
2. 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 [Google Scholar] [Crossref]
3. 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 [Google Scholar] [Crossref]
4. Kimberly Amadeo (2022), “How the Value of Money is Determined''. https://www.thebalance.com/value-of-money-3306108 [Google Scholar] [Crossref]
5. Cristy Lowry (2021) “How to calculate the exchange rate” https://www.westernunion.com/blog/en/us-how-to-calculate-exchange -rate/ [Google Scholar] [Crossref]
6. 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 [Google Scholar] [Crossref]
7. K. Rogoff, “Why Not a Global Currency?” American Economic Review, vol. 91, no 2, pp. 243-47, 2001. [Google Scholar] [Crossref]
8. R. Mundell, “The Euro, the Dollar and the International Monetary System”, Journal of Policy Modeling, vol. 27, no 4, pp. 465-475, 2005. [Google Scholar] [Crossref]
9. Keynes, J. M. (1944). The Bancor Plan, Bretton Woods Conference. [Google Scholar] [Crossref]
10. Mundell, R. (1961). A Theory of Optimum Currency Areas. American Economic Review. [Google Scholar] [Crossref]
11. Stiglitz, J. (2002). Globalization and Its Discontents. W.W. Norton & Co. [Google Scholar] [Crossref]
12. Eichengreen, B. (2007). The Euro at Ten: The Next Big Test. NBER. [Google Scholar] [Crossref]
13. BIS. (2022). CBDCs: A New Era of Digital Central Banking. [Google Scholar] [Crossref]
14. Zetzsche, D. A., Buckley, R. P., et al. (2019). The Rise of Global Stablecoins. Journal of Financial Regulation. [Google Scholar] [Crossref]
15. World Bank. (2023). Global Financial Development Report. [Google Scholar] [Crossref]
16. IMF. (2023). Digital Money and the Global Monetary System. [Google Scholar] [Crossref]
17. B. Steil, “The End of National Currency”, Foreign Affairs, vol. 86, no 3, pp. 83-96, 2007. [Google Scholar] [Crossref]
18. G. Bird, “Special Drawing Rights: How Fashions Change”, World Economics, vol. 11, no 1, pp.83-98. 2010. [Google Scholar] [Crossref]
19. 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. [Google Scholar] [Crossref]
20. R. Rahn, “A Constant Unit of Account”, Cato Journal, vol. 30, no 3, pp. 521-533, 2010. [Google Scholar] [Crossref]
21. 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 . [Google Scholar] [Crossref]
Metrics
Views & Downloads
Similar Articles
- Exploring the Concept of Generative Artificial Intelligence: A Narrative Review
- Design, Development, and Evaluation of a Critiquing-Based Mobile-Web Employment Recommender System
- Integrating Bhagavad Gita Principles with Modern Supply Chain Management: A Framework for Ethical and Resilient Operations
- Soilless Indoor Farming: A Systematic Review of Iot-Based Monitoring Systems and Physiochemical Characterization Methods for Lactuca Sativa
- Financial Awareness: A Survey of Students in Bhopal