European Monetary Reform: A Plan for the Liquidation of Central Government Debt and the Financial Rehabilitation of the Eurozone - Couverture souple

Schemmann, Michael

 
9781453620212: European Monetary Reform: A Plan for the Liquidation of Central Government Debt and the Financial Rehabilitation of the Eurozone
Couverture souple
ISBN 10 : 1453620214 ISBN 13 : 9781453620212
Editeur : CreateSpace Independent Publishing Platform, 2010

Synopsis

The key elements of the plan are to (1) monetize the Eurozone's central governments' debts for conversion into equity capital of banks' (Monetary Financial Institutions)' equity capital; (2) raise the MFIs' minimum reserve requirements on deposits; (3) divide MFIs into deposit taking institutions, and into lending institutions; (4) disband deposit insurance corporations. Austerity programs, crippling the economy, are both unnecessary and misconceived to rectify an anomaly, namely the governments inability to fund themselves by way of their constitutional money power, which was given to private commercial bankers for nothing in return. The anomaly can easily be corrected.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

About the Author

Professional Banker, CPA, PhD, University Professor

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
CreateSpace Independent Publishing Platform
Date d'édition
2010
Langue
anglais
ISBN 10 
1453620214
ISBN 13 
9781453620212
Reliure
Paperback
Nombre de pages
122
Coordonnées du fabricant
non disponible
Personne responsable
non disponible