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HomeAuthor ResourcesWeb SeminarsHas the Time for Electronic Currency Come: Electronic Currency |
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REVIEW PUBLISHED IN PRESTIGIOUS MAGAZINE, "MONEY"(OUTLOOK GROUP), PUBLISHED IN SEPTEMBER 2004 Mar 12, 2006
By Roy E-Currency-touted as the ultimate medium of exchange in a wired world-represents the biggest revolution in currency standards since coins replaced cowrie shells. So far an experiment being tried out by some technology startups-and a few corporate biggies like Microsoft and Citicorp-it could well change consumers' financial lives and shake the foundation of financial systems and even governments.
Sharma attempts this. He delves into the currency concerns of the major world economies, emphasizing the macroeconomic influence of financial crime, details the working of e-currency system-through an e-currency pad, a small instrument issued to every citizen -and ends with the impact of e-currency on economies.
Consider his case for e-currency's benefit to economies: in sum, financial irregularities will be a thing of the past, which is why productivity will be enhanced, inequality reduced, employment opportunities given a fillip, and inflation controlled.
Pick up the book to know how an e-currency system will operate.
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