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.
Chick-fil-A Successes, Failures and International Expansion Challenges amid LGBTQ Protests – Dr Bertrand Guillotin, Fox School of Business at Temple University
Improving Human Health and Wellbeing Will Protect Primate Populations – Dr Alejandro Estrada, Dr Paul Garber, and Dr Abhishek Chaudhary
A Framework Challenging Conventional Wisdom for Investing in Emerging Economies – Dr Bertrand Guillotin, Fox School of Business at Temple University
Exploring Symbiotic Relationships Using Flow Cytometry – Dr Toshiyuki Takahashi, National Institute of Technology in Miyazaki, Japan
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