The idea of global currency has been put forward for years now. But what is global currency? A world currency refers to a currency that is transacted internationally, with no set borders. While it is true more and more firms are becoming multinational and must deal with a number of monetary systems, it is not always feasible to develop one monetary system to do away with the exchange rate. On March 26, 2009 a UN panel of expert economists called for a new global currency reserve scheme to replace the current US dollar based system. Other proposals have been put forth but the all have some difficulties. The well-known economist, Keynes, advocated a global currency and argued that it wouldn’t suffer from inflation and many argue it would make conducting business more efficient. However, other economists argue that a single world currency is unnecessary because it would bring little benefit and increase costs. I am more inclined to agree with the latte...
Northern Word is a platform that propagates globally inundated voices and correlated ideas to step toward a globalized, and wild realm of ideas around. This will strive toward a transcendentally mitigated understanding of the variable around us and quantify mutualistic charm within the society vis-à-vis planet.