Digitized Citizen Ledger Finance: Logistics and Technics

Robert C. Hockett ()
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Robert C. Hockett: Cornell University

Chapter Chapter 7 in The Citizens' Ledger, 2022, pp 137-155 from Springer

Abstract: Abstract This chapter traces the many logistical matters that will have to be dealt-with in transitioning from present-day franchise finance to the new system of digital Citizen Ledger Finance. These include the movement of assets and liabilities from contemporary bank and other financial institution balance sheets to the consolidated Citizens’ Ledger; the reorganization of public finance ministries and central banks in manners consonant with the new system; associated regulatory changes; and like matters. The chapter shows that these matters, though many and complex, are readily managed by thinking and planning systematically in a manner analogous to the tracing of assets and liabilities on digital balance sheets themselves, as done in Chapter 6.

Date: 2022
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DOI: 10.1007/978-3-030-99566-9_7

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