Incorporates: Balance Sheet
Online from: 1999
Subject Area: Accounting and Finance
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|Title:||Short monetary systems: take a risk, create money|
|Author(s):||Michael Mainelli, (Z/Yen Group Limited, London, UK)|
|Citation:||Michael Mainelli, (2012) "Short monetary systems: take a risk, create money", Journal of Risk Finance, The, Vol. 13 Iss: 4, pp.280 - 284|
|Keywords:||Currencies, Monetary policy, Regulation|
|Article type:||General review|
|DOI:||10.1108/15265941211254426 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
Purpose – The purpose of this editorial is to examine fiat currencies and common tenders (trade-based money) from a risk perspective. The editorial encourages risk managers to consider the distributive benefits of a multiplicity of currencies and urges them to examine common tenders both old, such as the Swiss WIR, and novel, such as capacity exchange monies, as risk management tools.
Design/methodology/approach – The editorial is based on research conducted for the City of London Corporation in 2011 into capacity, trade and credit which examined new architectures for commerce and money.
Findings – The editorial links
Originality/value – Of note, the author suggests that a modern alternative to government regulation might be an audited ISO accreditation standard for “good currency” or “good common tender”.
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