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A Water Monetary Standard: An Economic Thesis

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  • Michael P. Jackson

Abstract

In emerging markets and economies with limited supplies of potable water, the current monetary policy governing water distribution has failed or will eventually fail. This paper offers an alternative to current global policies, through a new paradigm, a water based monetary standard. The immediate benefit of this policy is the elimination of user fees for public water and to protect the ongoing operation through revenues created through recognized rules of sovereignty and fiscal policy.

Suggested Citation

  • Michael P. Jackson, 2007. "A Water Monetary Standard: An Economic Thesis," Working Papers id:1059, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:1059
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    Keywords

    water distribution; potable water availability; water-based monetary standard; user fees; water markets; Economics;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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