The monetary system is at a turning point. The question is no longer if, but how soon countries will roll out a Central Bank Digital Currency (CBDC). This book discusses the recomposition of the money supply from the present bank money regime to a monetary system determined by CBDC. As the book...

The following article presents the concept of the sovereign money system. The term “sovereign money” (Vollgeld in German) refers to unrestricted legal tender, issued by a monetary authority such as a central bank. In contrast to bank deposit money, sovereign money-on-account for public use...

Das Geldsystem ist in eine Zeitenwende eingetreten. Bisher vorherrschende Geldarten gehen nieder, während neue Geldarten ihren Aufstieg beginnen. Der Niedergang des Bargelds ist weit fortgeschritten. Das Giralgeld der Banken hat den Zenit seiner Vorherrschaft erreicht. Die Zukunft aber gehört...

In coming to terms with the still smoldering financial crisis, little attention has been paid to the flaws within our monetary system and how these flaws lie at the root of the crisis. This book provides an introduction and critical assessment of the current monetary system. It begins with an up...