Work

On the Feasibility of Innovating the Reserve System and Establishing World Monetary Integration

Year: 2025

Type: article

Abstract: The evolution of currency has represented a major transition from basic barter systems to the widespread adoption of banknotes. This transition highlights how important money is in enabling trade and supporting economic growth. The advent of banknotes stands out as a pivotal moment in economic history, laying the groundwork for the modern financial systems that we rely on today. In this research, an exciting idea is proposed: harnessing infrastructure systems like large water dams to expand the capacity of our current monetary system, potentially serving as a bridge to a new global currency. This approach can help us build a stronger, more stable currency framework across the world. By adopting thoughtful strategies grounded in advanced economic principles, we can greatly improve the stability and sustainability of the global financial environment. This study explores the fascinating interplay between technological innovation, economic needs, and the evolution of financial tools, enriching our understanding of monetary systems.

Source: Theoretical Economics Letters

DOI: 10.4236/tel.2025.154048

Author: Chun Pong Lie

Institutions: Hong Kong University of Science and Technology, Jiangxi University of Finance and Economics

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4412774855