Currency Wars & International Trade
AbstractThis paper examines the contemporary international trade and currency system to determine whether the system is appropriate for the level of knowledge, development and maturity of countries today. International trade and currencies are a key mechanism by which governments manage the livelihoods, standard of living and well-being of national economies including the relationship between countries and their peoples. Therefore, understanding how the international trade and currency system works and not just taking it at face value is important in determining whether a fair trade and currency system can be established between nations. The paper goes on to discuss what changes or reforms can be made which will enhance how countries perceive trade and one another in the currency process, currencies being the mechanism by which countries measure the value and accessibility of goods and services they exchange. It consequently, introduces the role of an Electronic Clearing House (ECH) in the international trade and currency system through which central banks would be able to enhance the trade and currency relationships between governments in order to make them more equal, more effective and relevant to the level of knowledge and development countries have attained.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26736.
Date of creation: 01 Dec 2010
Date of revision:
International trade; currencies; money; banking; banks; central bank; open markets; open economies; closed economies; salve trade; imports; exports; electronic clearing house; ECH; net importers; net exporters; G20; trade deficit; trade balance; imbalance; IMF; World Bank; WTO; free markets;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
- NEP-INT-2010-11-27 (International Trade)
- NEP-MON-2010-11-27 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Punabantu, Siize, 2010. "The Origin of Wealth," MPRA Paper 24730, University Library of Munich, Germany.
- Punabantu, Siize, 2010. "Financing the doubling of GDP in one year at constant price," MPRA Paper 24132, University Library of Munich, Germany.
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