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Currency Democracy: The Theory of Organic Global Monetary - Summary

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  • Rahman, Abdurrahman Arum

Abstract

We proposed a model of democratic and symmetrical international monetary without the need for economic integration. The model name is “organic global monetary” (OGM) or simply called “organic model”. The organic model is an international currency system developed jointly by all countries in the world, or member countries and is part of their respective national currencies. The organic model is natural, elegant, and very comprehensive, provides international currencies “free of charge” to all member countries, does not require foreign exchange reserves, eliminates exchange rate cost and fluctuations, makes “zero-depreciated” international currencies, eliminates foreign debt dependence, abolishing trade wars at all levels, releases countries from the middle-income trap (MIT); eliminates global imbalances, and completely eliminate currency crisis.

Suggested Citation

  • Rahman, Abdurrahman Arum, 2020. "Currency Democracy: The Theory of Organic Global Monetary - Summary," OSF Preprints g3ehz, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:g3ehz
    DOI: 10.31219/osf.io/g3ehz
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    Cited by:

    1. Rahman, Abdurrahman Arum, 2020. "Organic global cryptocurrency:towards a stable international monetary system that is closer to Maqasid Sharıʿah," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 28, pages 63-82.

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