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Glimpsing At A New Gold Standard

Author

Listed:
  • ONEASCA, Iulian

    (European Institute of Romania, Bucharest, Romania)

Abstract

The digital revolution and the explosion of a wide variety of currencies challenge the knowledge, understanding, and regulation of the phenomenon. The article synthesizes the evolution of money in the world, seeking to deepen the approach of its study. In particular, the analysis aims at identifying standards and values as reflected by the evolution of money. The approach goes beyond current practices in highlighting the evolution of society, considering the expenditures and harvesting of socio-human energy, as approximated by prices and the corresponding circuits of money. The analysis emphasizes influences of the market, authority, and technology. The results suggest a spiral evolution in currency production, initially oriented by the principle of self- organization, and then by market forces, social needs, and efficiency. Knowledge, technology and trust mark the new gold standard of future money. Trust has yet to confirm.

Suggested Citation

  • ONEASCA, Iulian, 2021. "Glimpsing At A New Gold Standard," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 9(1), pages 127-131, October.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:127-131
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    References listed on IDEAS

    as
    1. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2019. "The Digitalization of Money," Working Papers 2019-13, Princeton University. Economics Department..
    2. Luca Einaudi, 2018. "A Historical Perspective on the Euro: the Latin Monetary Union (1865–1926)," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 16(03), pages 17-20, November.
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    More about this item

    Keywords

    money; cryptocurrency; socio-human energy;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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