Vashisht Cash, Corruption and Economic Development

Erscheinungsjahr 2017
ISBN: 978-1-351-66344-1
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 142 Seiten

Reihe: Routledge Focus on Economics and Finance

Have you ever asked yourself what gives comfort to someone who demands and accepts a bribe, sells drugs, or commits professional crimes for money? The majority of these people are not wealthy, and they accept small amounts of money every day from their victims.

Cash, Corruption and Economic Development examines the causes of corruption and crime and highlights the causes of comfort to all those who accept bribes and kickbacks, arguing that this is paper currency because it does not leave a signature of its movement from one entity to the other. The author proposes that today, with the technology available, we can make the transition to a paper currency free economy, which will help stop corruption and crime and give a boost to economic development. The book analyses the causes of corruption and presents a model to replace the present model, to be implemented by the central bank and followed by banks operating within that jurisdiction.

The book will be of interest to economists, students of economics and finance, and all those who have suffered as a result of corruption and professional crime and who want corruption and professional crime to end.

Autoren/Hrsg.

Vashisht, Vikram

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen

Inhaltsverzeichnis

1. We The People

1.1 Impact of corruption on development

1.2 Impact of movement of dirty money on development

1.3 Factors impacting the level of development

1.4 Trade brings economic development

1.5 Development has to be sustainable

2. Corruption No More

2.1 How are payments made after transition to a paper currency free economy?

2.2 Transfer of money

2.3 Impact of transition on economic development

2.4 The use of fake currency

2.5 Our fight against crime

2.6 Our right to privacy of information

2.7 The sellers of contraband

2.8 Collection of tax revenue

2.9 Impact of transition on corruption

2.10 Solutions for visually impaired and those who may lack literacy

2.11 The threat of digital fraud

2.12 The transition does not need smart phones or personal computers

2.13 An active step

3. The Technicalities

3.1 Partial or complete transition

3.2 The cost of transition

3.3 You can travel alone

3.4 Factors influencing transition

3.5 Will the electronic currency make the mare go

3.6 Ability to open a bank account with a fake identity

3.7 The speed of processing

3.8 Development of alternative currency

3.9 How does the electronic currency look like

3. 10 How does the system work

3.11 The rolling out of the system

3.12 On which server do electronic currency accounts sit

3.13 How is the authenticity of electronic currency verified

3.14 Recalling and replacement of paper currency – the most important factor to transition

3.15 Only paper currency is to be recalled and replaced with electronic currency

3.16 Need of paper currency to settle international transactions

3.17 Which currency is used and which bank accounts get affected when entities settle their transactions

3.18 Platforms for transfer of money electronically

3.19 Choice rests with us

Über Autor(innen)

Vikram Vashisht is a CPA, Master of Accounting, LLB and BCOM, and has previously served as finance officer in The Australian Army.