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Eco-currency: Proposition of a monetary policy design for a unitary currency program of a frailty economic zone

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  • Tweneboah Senzu, Emmanuel

Abstract

The desire to rule a system has never been the interest of a contemporary civilize man rather than to successfully govern. The discoverable tool of a modern man as the greatest invention, to centrally manage a complex market system, dynamically evolving in it, the interaction process of agents, has been a quality policy design and application, which is often guided by an advanced theoretical inductive inference, deduce from historic experience in a framework of assumptions relating to a working system. The constructive foundation of this paper does appreciate the fact that in the practice of policy for unitary currency program involving sovereign nations, is not entirely new epistemology in the field of monetary economics, however, this very study is a complete unique in its deduction because it involves fragile economies managing soft currencies against hard currency economies, to promote sustainable growth, and compel for a competitive development using natural rate of interest as a policy sign-post.

Suggested Citation

  • Tweneboah Senzu, Emmanuel, 2021. "Eco-currency: Proposition of a monetary policy design for a unitary currency program of a frailty economic zone," MPRA Paper 108527, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108527
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    References listed on IDEAS

    as
    1. Thomas Laubach & John C. Williams, 2003. "Measuring the Natural Rate of Interest," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 1063-1070, November.
    2. Tweneboah Senzu, Emmanuel, 2019. "Theoretical perspective of dynamic credit risk analysis and lending model; effective to enterprises of fragile economy," MPRA Paper 91789, University Library of Munich, Germany.
    3. Mr. Johan Mathisen & Thierry D. Buchs, 2005. "Competition and Efficiency in Banking: Behavioral Evidence from Ghana," IMF Working Papers 2005/017, International Monetary Fund.
    4. Thomas A. Lubik & Christian Matthes, 2015. "Calculating the Natural Rate of Interest: A Comparison of Two Alternative Approaches," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Oct.
    5. Tweneboah Senzu, Emmanuel, 2020. "The advanced proposed architecture of Eco-currency; technical analysis of West Africa single currency program," MPRA Paper 102141, University Library of Munich, Germany.
    6. Mr. Magnus Saxegaard, 2006. "Excess Liquidity and Effectiveness of Monetary Policy: Evidence from Sub-Saharan Africa," IMF Working Papers 2006/115, International Monetary Fund.
    7. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monetary economics; policy; Eco-currency; Kalman Filter; Wicksellian; Fragile economy;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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