Money supply in top tax system

Vijaya Varma

MPRA Paper from University Library of Munich, Germany

Abstract: In the future economic system, as suggested by TOP Tax system, the total money supply (real money and debt money/loan money) to be necessary for circulation in banks should be at the minimum level of 100% and at maximum level 110% of the value of GDP of the country. Out of this total money supply in the economic system, 99.7% of the money will be in dematerialised (non physical) form in the accounts of citizens, Governments and companies. Only small portion of money, equalling just 0.3% of the total money in the economic system, will be in physical form i.e. currency notes or coins. All high valued paper currency notes will be demonetised.

Keywords: Money supply; monetary system; monetary policy (search for similar items in EconPapers)
JEL-codes: E42 E5 E51 E52 (search for similar items in EconPapers)
Date: 2012-01-12, Revised 2012-09
New Economics Papers: this item is included in nep-mac and nep-mon
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