From IMF, World Bank To Single Global Currency<br />Faculty:				                 Presentation by:   <br />Prof. Sudev Das	...
CONTENT<br />Introduction<br />Role of IMF & WORLD BANK<br />SINGLE GLOBAL CURRENCY<br />Current Situations<br />Implement...
  INTRODUCTION<br />What is GLOBALIZATION?<br />Not a new phenomena<br />Post World War globalisation was dormant!<br />
Role of IMF and World Bank<br />World Bank<br />IMF<br />International interdependence<br />International solidarity<br />...
Single Global Currency<br />SGC in 17th century Spanish dollar<br />EURO the 1st SGC in 20th century<br />Single Global Cu...
CURRENT SITUATIONS<br /><ul><li>DOLLAR AND EURO
 CURRENT EXCHANGE RATE SYSTEM
 COMPLEMENTARY CURRENCIES
 FUNDAMENTAL HUMAN RIGHTS  </li></li></ul><li>IMPLEMENTATION<br /><ul><li> WHEN??
 HOW SMOOTH, INEXPENSIVE AND PLANFUL OR ROUGH, COSTLY AND CHAOTIC WILL THE JOURNEY BE??
 WHAT CAN BE DONE??</li></li></ul><li> The IMF with SGC<br /><ul><li> IMF should utilize Special Drawing Rights, or SDRs, ...
 US dollar(44%),Euro(34%),Japanese Yen(11%),Pound Sterling(11%)</li></li></ul><li>world bank  and  sgc<br /><ul><li> maint...
 define and implement the monetary policy
 co-operate with the member countries , 3rd bodies & entities
 maintain stable financial system & monitor the banking    sector</li></li></ul><li>benefits<br /><ul><li> Zero transactio...
Upcoming SlideShare
Loading in …5
×

Single Global Currency

1,028 views

Published on

1 Comment
0 Likes
Statistics
Notes
  • i really liked your presentation... i m currently doing a project on the same topic... i would like to download this presentation and also i want to know from where did you get all this information... i would be really thankfull to you if u can share the information with me..
    thank and waiting for a positive reply.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

No Downloads
Views
Total views
1,028
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
0
Comments
1
Likes
0
Embeds 0
No embeds

No notes for slide

Single Global Currency

  1. 1. From IMF, World Bank To Single Global Currency<br />Faculty: Presentation by: <br />Prof. Sudev Das RinkiMusaddi<br /> ` SaloniMohta<br />ShraddhaNahata<br />VinayAsopa<br />
  2. 2. CONTENT<br />Introduction<br />Role of IMF & WORLD BANK<br />SINGLE GLOBAL CURRENCY<br />Current Situations<br />Implementation<br />IMF with SGC<br />World Bank & SGC<br />Benefits<br />Drawbacks<br />SWOT Analysis<br />Conclusion<br />
  3. 3. INTRODUCTION<br />What is GLOBALIZATION?<br />Not a new phenomena<br />Post World War globalisation was dormant!<br />
  4. 4. Role of IMF and World Bank<br />World Bank<br />IMF<br />International interdependence<br />International solidarity<br />International interdependence & solidarity should not replace national self-responsibility<br />We should regard the diversity of experiences & cultures as a part of the wealth of our planet.<br />To have a financially stable global market<br />Crisis prevention through more transparency in economic data and policies.<br />To make debt free economies through good judicial, financial and economical systems <br />To make life of underdeveloped and developing nations more secure<br />To eradicate poverty<br />
  5. 5. Single Global Currency<br />SGC in 17th century Spanish dollar<br />EURO the 1st SGC in 20th century<br />Single Global Currency Association<br />Morrison Bonpasse<br />
  6. 6. CURRENT SITUATIONS<br /><ul><li>DOLLAR AND EURO
  7. 7. CURRENT EXCHANGE RATE SYSTEM
  8. 8. COMPLEMENTARY CURRENCIES
  9. 9. FUNDAMENTAL HUMAN RIGHTS </li></li></ul><li>IMPLEMENTATION<br /><ul><li> WHEN??
  10. 10. HOW SMOOTH, INEXPENSIVE AND PLANFUL OR ROUGH, COSTLY AND CHAOTIC WILL THE JOURNEY BE??
  11. 11. WHAT CAN BE DONE??</li></li></ul><li> The IMF with SGC<br /><ul><li> IMF should utilize Special Drawing Rights, or SDRs, to replace the </li></ul> dollar as a new standard for holding foreign exchange reserves in<br /> international trade transactions<br /><ul><li> Basket of major currencies used in international trade and finance
  12. 12. US dollar(44%),Euro(34%),Japanese Yen(11%),Pound Sterling(11%)</li></li></ul><li>world bank and sgc<br /><ul><li> maintain price stability & 1 worldwide interest rate
  13. 13. define and implement the monetary policy
  14. 14. co-operate with the member countries , 3rd bodies & entities
  15. 15. maintain stable financial system & monitor the banking sector</li></li></ul><li>benefits<br /><ul><li> Zero transaction costs (savings of 1000bn)
  16. 16. No Balance of Payments/Current Account problems
  17. 17. Eliminate risk of currency failure
  18. 18. Eliminate uncertainty of changes in value due to</li></ul> hedging<br /><ul><li> Cause an increase in the value of assets for</li></ul> countries with weaker currencies<br />
  19. 19. benefits<br /><ul><li>Eliminate the misalignment of currencies
  20. 20. Utilize the seigniorage benefit
  21. 21. Eliminate the need to maintain international reserves
  22. 22. Reduce worldwide inflation (by approx 2%) and thereby ensure low loan interest rates</li></li></ul><li>DRAWBACK<br /><ul><li>It would be difficult for any country to adjust its domestic monetary policy to remedy a specific economic situation.
  23. 23. Finding a good governance system for the world to regulate SGC, could prove more difficult.
  24. 24. FOREX market would disappear.
  25. 25. It limits the ability of individual countries to control interest rates. </li></li></ul><li>SWOT ANALYSIS<br /><ul><li>STRENGTH</li></ul>No Transactional cost <br />Elimination of B-O-P and maintain foreign reserves<br /><ul><li>WEAKNESS</li></ul>Individual country would not be able to control its monetary policy<br />Countries may not be willing to join together to a single global bank and single global trading federation<br /><ul><li>OPPORTUNITY</li></ul> More unity amongst countries if it gets implemented<br />Asian and other emerging markets have excessive and inefficient forex reserve explain by the currency instability and this problem can be eliminated<br /><ul><li>THREAT</li></ul>Implementation problem<br />Export , import & tourism industry may get badly affected .<br />
  26. 26. CONCLUSION<br />SGC will help in globalization<br />Proper regulation of global monetary bank<br />Proper implementation of single global currency.<br />Adequate control over monetary policy of individual country should be given.<br />Single Global Currency could be named as “Eartha” , “Globo” or “Mundo”<br />Favor : 33%<br />Oppose: 63%<br />Not sure : 4%<br />
  27. 27. THANK YOU<br />

×