Currency Democracy: The Theory of Organic Global Monetary - Summary

Abdurrahman Arum Rahman

No g3ehz, OSF Preprints from Center for Open Science

Abstract: We proposed a model of democratic and symmetrical international monetary without the need for economic integration. The model name is “organic global monetary” (OGM) or simply called “organic model”. The organic model is an international currency system developed jointly by all countries in the world, or member countries and is part of their respective national currencies. The organic model is natural, elegant, and very comprehensive, provides international currencies “free of charge” to all member countries, does not require foreign exchange reserves, eliminates exchange rate cost and fluctuations, makes “zero-depreciated” international currencies, eliminates foreign debt dependence, abolishing trade wars at all levels, releases countries from the middle-income trap (MIT); eliminates global imbalances, and completely eliminate currency crisis.

Date: 2020-05-07
New Economics Papers: this item is included in nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:g3ehz

DOI: 10.31219/osf.io/g3ehz

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