Resisting Economic Crises with the Grondona System of Currency Convertibility – Professor Patrick Collins, Azabu University
Original Article Reference
This SciPod is a summary of the paper ‘Simulation of the Grondona System of Conditional Currency Convertibility Based on Primary Commodities, Considered as a Means to Resist Currency Crises’, from the Journal of Risk and Financial Management. https://doi.org/10.3390/jrfm12020075
About this episode
Currency crises are a major feature of the world economy we live in, and many governments face the challenge of defending their currency’s exchange-rate. A system of currency and money needs a standard of value to be stable, but no such system has existed since the end of the US Gold Standard in 1971. Professor Patrick Collins of Azabu University in Japan and his colleagues perform detailed simulations and argue that the Grondona system of conditional currency convertibility is the only practical method to stabilise currencies in our modern world.
This work is licensed under a Creative Commons Attribution 4.0 International License.
What does this mean?
Share: You can copy and redistribute the material in any medium or format
Adapt: You can change, and build upon the material for any purpose, even commercially.
Credit: You must give appropriate credit, provide a link to the license, and indicate if changes were made.
For decades, linguists and psychologists have been trying to understand the fascinating ways in which humans communicate with each other in different real-world settings. Overall, spoken communication involves a mixture of words, facial expressions, and gestures. Dr Holly Keily, a researcher at the University at Buffalo, has recently carried out a study specifically exploring how speakers explain events to partners who will need to identify them, particularly focusing on their use of gestures.
The greatest challenge for ageing populations is that vaccines can be less protective for the elderly due to the age-related decline of the immune system. This means that improving the efficacy of vaccines in the ageing population is crucial to public health. Dr Lei Jin and colleagues from the University of Florida set out to develop a novel strategy to directly address this key issue.
Traditional Chinese Medicine has been used in the treatment of disease for centuries, although its potency is often overlooked by researchers. Dr Yu-Ling Ma and colleagues in the Oxford Chinese Medicine Research Centre at the University of Oxford have focused on a multi-component herbal medicine called Xin Su Ning in the treatment of cardiac arrhythmia to elucidate the mechanism of action and pharmacological properties of its components.
Professor Andrew R. Barron | Repurposing Plastic COVID Facemasks to Improve the Steel-Making Process
Since the beginning of the COVID-19 pandemic, billions of plastic facemasks have been used and disposed of, with the majority destined for landfill. Professor Andrew R. Barron and his team at the Energy Safety Research Institute in Swansea, Wales, have developed an innovative method for repurposing these used facemasks. By transforming them into a powdered material that acts as a reducing agent, Professor Barron’s team aim to make the steel-making process more energy-efficient and sustainable.
Increase the impact of your research
• Good science communication helps people make informed decisions and motivates them to take appropriate and affirmative action.
• Good science communication encourages everyday people to be scientifically literate so that they can analyse the integrity and legitimacy of information.
• Good science communication encourages people into STEM-related fields of study and employment.
• Good public science communication fosters a community around research that includes both members of the public, policymakers and scientists.
• In a recent survey, 75% of people suggested they would prefer to listen to an interesting story than read it.
Step 1 Upload your science paper
Step 2 SciPod script written
Step 3 Voice audio recorded
Step 4 SciPod published