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This paper is based on a public submission to the Australian Senate Committee “Inquiry into Digital Currency” announced on October 2, 2014. The committee is to report to Parliament in March 2015. A framework is established that identifies ten reasons why digital Australian dollars are not...
Persistent link: https://www.econbiz.de/10013044707
The research question for this paper is to identify how some widely accepted governance practices are not necessarily consistent with the objectives of good governance. One reason is that there is little agreement as to what are the objectives of generic good governance, be it in the public,...
Persistent link: https://www.econbiz.de/10013029297
The research question is to investigate if supplementary tethered currencies might reduce financial system risks and provide a superior fallback position to Bitcoin in a crisis? To investigate the question, a hypothetical $Z supplementary cost carrying currency is considered whose value is...
Persistent link: https://www.econbiz.de/10013033895
This chapter explains how the generation of renewable energy and the creation of sustainable communities can guide capitalism to survive climate change on a self-reinforcing basis. The process depends upon introducing an ecological “use it or lose it” rule for owning money, land, buildings...
Persistent link: https://www.econbiz.de/10012945816
The paper identifies how a usage fee parallel digital currency is more attractive than Bitcoins, either to provide liquidity in a crisis or for stimulating businesses on a sustainable basis. User fee "Stamp Scrip" successfully stimulated businesses and distressed communities during the Great...
Persistent link: https://www.econbiz.de/10013022242
A compelling incentive for firms to protect the environment is created by executive remuneration and tenure being based on Key Performance Indicators determined by environmentalist. This requires amending corporate constitutions to separate the power to manage the business from the power to...
Persistent link: https://www.econbiz.de/10013050250
The research question is to investigate how supplementary digital terminating currencies can provide a superior fallback position to Bitcoin in a financial crisis and/or provide a basis for rehabilitating distressed economies. Greece lost the opportunity to regain monetary sovereignty because...
Persistent link: https://www.econbiz.de/10012999511
This paper considers how auditing practices became muddled in the US and the UK to create muddled corporate governance principles. The US 1933 law that required corporations to appoint an auditor was based on the prospectus provisions in the UK 1929 Companies Act to protect investors from fraud....
Persistent link: https://www.econbiz.de/10012784627
This paper shows how a gap in organizational analysis can be filled by using the transaction of bytes to compare hierarchical organizations controlled by a single control centre with complex ones possessing distributed decision making with multiple communication channels and control agents. No...
Persistent link: https://www.econbiz.de/10012784857
Persistent link: https://www.econbiz.de/10012785004