Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and … people of different currency areas to trade. That system has become far more sophisticated in the meantime and handles $3 ….8 trillion per day; but it is very expensive and risky. It is now time to replace that system with a single global currency. In a …

This is the only book in print in the world about the single global currency, and is the only book in the world priced … enable people of different currency areas to trade. That system has become far more sophisticated in the meantime and handles … currency. In a 3-G world with a single global currency managed by a global central bank within a global monetary union …

This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … currency areas to trade. That system has become far more sophisticated in the meantime and handles $3.2 trillion per day; but … it is very expensive and risky. It is now time to replace that system with a single global currency. In a 3-G world with …

currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another … purchase currency instruments to hedge against currency fluctuation. All of these tasks add up to an average of about 5% of … to implement a Single Global Currency, to be managed by a Global Central Bank within a Global Monetary Union. In short, a …

This paper develops a demographic model of the currency population by examining the birth and death rates of specific … denominations of currency. This framework permits empirical estimation of the average lifetime of notes in circulation and hence the … currency velocity (turnovers per year) of each denomination. The velocity of currency times the stock of currency produces …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … undervaluation of the currency boost the overall productivity level in the economy? If so, does this “undervaluation …

Although analyzed in terms of criteria for defining an optimum currency area, we could appreciate that EU fulfils … certain criteria established within the theory of the optimum currency area. But in comparison with USA or Canada, the EU has … within a powerful economic component. Despite the statute of sub-optimum currency area, there are still a series of arguments …

Instead of modeling asset price and currency risks separately, this paper derives the international hedge portfolio …, hedging asset price and currency risk simultaneously for estimating the dynamic international optimal hedge ratio. The model …

This article studies the demand for one particular component of the money stock, currency, in Malta in the light of the … be tweaked slightly for it to better explain the reasons underpinning the relatively high currency demand in Malta …