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Abstract
This paper proposes a new model of the international monetary system that could potentially make the system balanced and stable. We call it an “organic system”. We utilize a 3-dimensional simulation of trade and investment involving 5 countries, 20 products, and a 12-month or 5x20x12 model to test the workability of the system. The results show that this model could provide international liquidity to all (member) countries in the world sustainably, eliminate global imbalances to the roots, and make the IMS naturally stable. The simulation also shows that the current accounts, balance sheets, and FX reserves of all member countries tend to be self-sufficient. We implant a digital-and-decentralized system in the very core of the system, which works semi-automatically. This system is flexible; it can start from anywhere in the world and any country may join.
Supplementary materials
Title
TRADE AND INVESTMENT SIMULATION OF 5 COUNTRIES, 20 PRODUCTS, AND 12 MONTHS (5X20X12 MODEL)
Description
This is a 3-dimensional international trade and investment simulation involving 5 countries (Indonesia, Malaysia, Thailand, Philippines, and Singapore), 20 products A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, and T, and in 12 months (1 year) or 5x20x12 model. This simulation aims test the balance and stability of the organic international monetary system and the auto-balancing exchange rate. Each country produces and consumes 20 types of goods with costs determined randomly with a range in their respective national currencies. All countries can trade to get cheaper goods and expand the market. Two countries make investments in the other two and withdraw all the profit monthly.
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Title
GLOBAL CURRENCY INITIATIVE
Description
We design a science-based international currency system managed by all member countries in the world in a democratic and decentralized manner
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