1.

Record Nr.

UNINA9910647397703321

Autore

Serval Jean-François

Titolo

Financial Innovations and Monetary Reform : How to Get Out of the Debt Trap / / by Jean-François Serval, Jean-Pascal Tranié

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2023

ISBN

3-031-24189-4

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (212 pages)

Collana

Future of Business and Finance, , 2662-2475

Disciplina

332.042

332.45

Soggetti

Finance

Macroeconomics

Finance, Public

Business enterprises—Finance

Financial services industry

Financial Economics

Macroeconomics and Monetary Economics

Public Finance

Corporate Finance

Financial Services

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Chapter 1. A short history of money from antiquity to the 21st -- Chapter 2. The evolution to modern money and the path to digital -- Chapter 3. The current model, the role of central banks -- Chapter 4. The monetary world and its analytical tools.

Sommario/riassunto

Written by two leading experts on multinational accounting and billion-dollar international investment funds, this book provides a framework for a global reform of the world monetary system, and defines a decidedly new approach to dealing with public debt mortgage, an issue that we can see in many countries in Europe and around the world. The authors put forward a proposal for transforming sterile financial masses, which are withdrawn from the real economy as they no longer



bear interest, into wealth. To facilitate this return to the real economy, the authors propose that a significant share of public debt be converted into net equities in the world of business and goods production in order to find new profitable investment projects. The idea is bold, and the authors strive to demonstrate its technical feasibility. They are convinced that this approach can accompany and enhance a movement that has already begun, namely the implementation of vast national and international investment programs in major infrastructures and research projects in innovative sectors. This work builds on the authors’ two previous books, which focus on the monetary system. The first, published in 2010 and including a foreword by former French Finance Minister Christine Lagarde, analyzes the new virtual dimension of money. The second, published in 2014, puts forward an innovative proposal for a new financial regulation aimed at more stable economies. This third book is intended for professionals in the financial industry, including decision makers at banks, accounting and private equity firms, as well as policymakers at central banks and government institutions involved in the implementation of financial and monetary reforms.