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Cash, Corruption and Economic Development [Kõva köide]

  • Formaat: Hardback, 124 pages, kõrgus x laius: 216x138 mm, kaal: 296 g, 69 Tables, black and white; 1 Line drawings, black and white; 1 Illustrations, black and white
  • Sari: Routledge Focus on Economics and Finance
  • Ilmumisaeg: 23-May-2017
  • Kirjastus: Routledge
  • ISBN-10: 113806386X
  • ISBN-13: 9781138063860
  • Formaat: Hardback, 124 pages, kõrgus x laius: 216x138 mm, kaal: 296 g, 69 Tables, black and white; 1 Line drawings, black and white; 1 Illustrations, black and white
  • Sari: Routledge Focus on Economics and Finance
  • Ilmumisaeg: 23-May-2017
  • Kirjastus: Routledge
  • ISBN-10: 113806386X
  • ISBN-13: 9781138063860

Have you ever asked yourself what gives comfort to someone who demands and accepts a bribe, sells drugs, or commits professional crimes for money? The majority of these people are not wealthy, and they accept small amounts of money every day from their victims.

Cash, Corruption and Economic Development examines the causes of corruption and crime and highlights the causes of comfort to all those who accept bribes and kickbacks, arguing that this is paper currency because it does not leave a signature of its movement from one entity to the other. The author proposes that today, with the technology available, we can make the transition to a paper currency free economy, which will help stop corruption and crime and give a boost to economic development. The book analyses the causes of corruption and presents a model to replace the present model, to be implemented by the central bank and followed by banks operating within that jurisdiction.

The book will be of interest to economists, students of economics and finance, and all those who have suffered as a result of corruption and professional crime and who want corruption and professional crime to end.

List of illustrations
ix
Preface xiii
1 We the people
1(30)
Impact of corruption on development
10(2)
Impact of movement of dirty money on development
12(1)
Factors impacting the level of corruption
13(9)
An honest bottom cannot have a corrupt top
22(4)
Trade brings economic development
26(3)
Development has to be sustainable
29(2)
2 Corruption no more
31(23)
Impact of transition on corruption
34(2)
Impact of transition on economic development
36(2)
How are payments made after transition to a paper currency-free economy?
38(1)
Transfer of money
39(1)
The use of fake currency
39(1)
Our fight against crime
40(1)
Our right to privacy of information
41(2)
The sellers of contraband
43(1)
Collection of tax revenue
44(1)
Solutions for the visually impaired, elderly and those who may lack literacy
45(1)
The threat of digital fraud
46(1)
The threat of digital fraud -- cont'd
47(2)
The transition does not need smartphones or computers
49(1)
You can travel alone
50(2)
An active step
52(2)
3 The technicalities
54(66)
Partial or complete transition
54(3)
The cost of transition
57(2)
Factors influencing transition
59(2)
Ability to open a bank account with a fake identity
61(4)
The speed of processing
65(1)
Development of alternative currencies
65(2)
The legal tender
67(2)
The electronic currency
69(1)
The electronic currency account
70(10)
The rolling out of the system
80(7)
The rolling out of the system -- cont'd
87(3)
Why does a central bank need the ability to monitor the electronic currency accounts of banks in real time?
90(1)
How is the authenticity of electronic currency verified?
91(2)
Recalling and replacement of paper currency -- the most important factor for transition
93(2)
Recalling and replacement procedure -- cont'd 1
95(2)
Recalling and replacement procedure -- cont'd 2
97(5)
Recalling and replacement procedure -- cont'd 3
102(1)
Recalling and replacement procedure -- cont'd 4
103(1)
Recalling and replacement procedure -- cont'd 5
104(2)
Need for paper currency to settle international transactions
106(2)
Which currency is used and which bank accounts are affected when entities settle their transactions?
108(3)
Undirectional conversion needs oversight and direction
111(3)
Platforms for the electronic transfer of money
114(2)
How will criminals evade the system?
116(3)
Central bank is in the centre
119(1)
The choice rests with us
119(1)
Index 120
Vikram Vashisht is a Certified Practising Accountant (CPA), Master of Accounting, Bachelor of Laws (LLB) and Bachelor of Commerce (BCom), and has previously served as a finance officer in the Australian Army.