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A New Money Exchange System: The World Calorie Currency (WCC)

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  • Zhou, Xinyi Jimmy

Abstract

The current ruble crisis causes much trouble for many of those eastern European countries like Russia and its neighbour countries: Strong ruble depreciation and high inflation for consumer goods are its most negative consequences. Because the ruble is only a national currency, but not a world currency, some people might ask if we introduce a new global currency, the World Calories Currency (WCC) or "Cal-Money", that currency would be less vulnerable and less crisis-prone. In this short paper, I firstly present the 4 main criteria of a successful and widely accepted currency: 1. Fair valuability & high inflation security, 2. high trust and acceptance among the users, 3.high distribution over the world and 4. high supportiveness of the real economy. After I compared the strength & weaknesses of the World Calorie Currency and present some concrete measures to make the Cal-Money implementation more smoothly, I then came to conclusion that all 4 main criteria of a successful, world wide applicable currency would be fulfilled by the WCC.

Suggested Citation

  • Zhou, Xinyi Jimmy, 2015. "A New Money Exchange System: The World Calorie Currency (WCC)," MPRA Paper 62320, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:62320
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    File URL: https://mpra.ub.uni-muenchen.de/62320/2/MPRA_paper_62320.pdf
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    More about this item

    Keywords

    New Money Exchange System; World Calorie Currency (WCC); Real economy supportive; Ruble; currency crisis; world currency; CalorieCoin; Central bank supported; Hard currencies; BRICS; Food and energy sector; health supportive;

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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