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  • 한국과학기술정보연구원(KISTI) 서울분원 대회의실(별관 3층)
  • 2024년 07월 03일(수) 13:30
 

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Why monetary system failed and How to restructure it

융합경영연구 / The Journal of Economics, Marketing and Management, (E)2288-7709
2015, v.3 no.1, pp.23-32
https://doi.org/https://doi.org/10.13106/jemm.2015.vol3.no1.23
Kababji, Maher (Dept. of accounting, Cairo University)
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Abstract

Present monetary system is based on fallacies. The purpose of this article is to highlight the pitfalls in economic thinking. The article shows that this way of thinking leads to the creation of inflation which is the root of all evil. The analysis proceeds in different approach to the contemporary theory of money. An inflation- free monetary system is introduced. Monetary system is the set of mechanisms that controls money. In this broad sense, monetary system can be divided into three different systems. Each of them has different goal; National monetary system which aims to raise sufficient funds in order to reach an optimal level of output growth that maintains full employment and satisfies the economic requirements of the community. National redistribution system which aims to redistribute funds in order to sustain individuals at or above a specified material standard of living, and enable government to provide public services. International monetary system which aims to preserve rights of parties in foreign exchange transactions.

keywords
Monetary System, Foreign Exchange Transactions, Controls Money

융합경영연구