A New Money Exchange System: The World Calorie Currency (WCC)

Xinyi Zhou

MPRA Paper from University Library of Munich, Germany

Abstract: The current ruble crisis causes much trouble for many of those eastern European countries like Russia and its neighbour countries: Strong ruble depreciation and high inflation for consumer goods are its most negative consequences. Because the ruble is only a national currency, but not a world currency, some people might ask if we introduce a new global currency, the World Calories Currency (WCC) or "Cal-Money", that currency would be less vulnerable and less crisis-prone. In this short paper, I firstly present the 4 main criteria of a successful and widely accepted currency: 1. Fair valuability & high inflation security, 2. high trust and acceptance among the users, 3.high distribution over the world and 4. high supportiveness of the real economy. After I compared the strength & weaknesses of the World Calorie Currency and present some concrete measures to make the Cal-Money implementation more smoothly, I then came to conclusion that all 4 main criteria of a successful, world wide applicable currency would be fulfilled by the WCC.

Keywords: New Money Exchange System; World Calorie Currency (WCC); Real economy supportive; Ruble; currency crisis; world currency; CalorieCoin; Central bank supported; Hard currencies; BRICS; Food and energy sector; health supportive (search for similar items in EconPapers)
JEL-codes: E40 E41 E42 (search for similar items in EconPapers)
Date: 2015-02-22
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
References: View complete reference list from CitEc
Citations:

Published in International Journal of Management and Commerce Innovations 2.2(2015): pp. 403-408

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/62320/2/MPRA_paper_62320.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:62320

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().