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A perspective on the new types of money as the organization's answer to the challenges of the globalization

Author

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  • Drumea, Cristina

Abstract

The globalization of the economic activity is profoundly changing long established concepts, customs and ways of doing business all around the globe. One of those concepts is the currency. The globalization and the Internet, really two facets of the same phenomenon, people hugely removed in every way, can meet in the marketplace to exchange their wares. Which money should they use? Is the government issued currency fit for all the exchange purposes? This article will attempt to paint one more way in which the large corporations can act more like national governments.

Suggested Citation

  • Drumea, Cristina, 2007. "A perspective on the new types of money as the organization's answer to the challenges of the globalization," MPRA Paper 7945, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:7945
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    More about this item

    Keywords

    alternative money; globalization; Government's policy; new fiat currencies;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

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