Cash, Corruption and Economic Development
Cash, Corruption and Economic Development
Vashisht, Vikram
Taylor & Francis Ltd
06/2021
142
Mole
Inglês
9781032096889
15 a 20 dias
260
Preface
1 We the people
Impact of corruption on development
Impact of movement of dirty money on development
Factors impacting the level of corruption
An honest bottom cannot have a corrupt top
Trade brings economic development
Development has to be sustainable
2 Corruption no more
Impact of transition on corruption
Impact of transition on economic development
How are payments made after transition to a paper currency- free economy?
Transfer of money
The use of fake currency
Our fight against crime
Our right to privacy of information
The sellers of contraband
Collection of tax revenue
Solutions for the visually impaired, elderly and those who may lack literacy
The threat of digital fraud
The threat of digital fraud - cont'd
The transition does not need smartphones or computers
You can travel alone
An active step
3 The technicalities
Partial or complete transition
The cost of transition
Factors influencing transition
Ability to open a bank account with a fake identity
The speed of processing
Development of alternative currencies
The legal tender
The electronic currency
The electronic currency account
The rolling out of the system
The rolling out of the system - cont'd
Why does a central bank need the ability to monitor the electronic currency accounts of banks in real time?
How is the authenticity of electronic currency verified?
Recalling and replacement of paper currency - the most important factor for transition
Recalling and replacement procedure - cont'd 1
Recalling and replacement procedure - cont'd 2
Recalling and replacement procedure - cont'd 3
Recalling and replacement procedure - cont'd 4
Recalling and replacement procedure - cont'd 5
Need for paper currency to settle international transactions
Which currency is used and which bank accounts are affected when entities settle their transactions?
Undirectional conversion needs oversight and direction
Platforms for the electronic transfer of money
How will criminals evade the system?
Central bank is in the centre
The choice rests with us
Index
Preface
1 We the people
Impact of corruption on development
Impact of movement of dirty money on development
Factors impacting the level of corruption
An honest bottom cannot have a corrupt top
Trade brings economic development
Development has to be sustainable
2 Corruption no more
Impact of transition on corruption
Impact of transition on economic development
How are payments made after transition to a paper currency- free economy?
Transfer of money
The use of fake currency
Our fight against crime
Our right to privacy of information
The sellers of contraband
Collection of tax revenue
Solutions for the visually impaired, elderly and those who may lack literacy
The threat of digital fraud
The threat of digital fraud - cont'd
The transition does not need smartphones or computers
You can travel alone
An active step
3 The technicalities
Partial or complete transition
The cost of transition
Factors influencing transition
Ability to open a bank account with a fake identity
The speed of processing
Development of alternative currencies
The legal tender
The electronic currency
The electronic currency account
The rolling out of the system
The rolling out of the system - cont'd
Why does a central bank need the ability to monitor the electronic currency accounts of banks in real time?
How is the authenticity of electronic currency verified?
Recalling and replacement of paper currency - the most important factor for transition
Recalling and replacement procedure - cont'd 1
Recalling and replacement procedure - cont'd 2
Recalling and replacement procedure - cont'd 3
Recalling and replacement procedure - cont'd 4
Recalling and replacement procedure - cont'd 5
Need for paper currency to settle international transactions
Which currency is used and which bank accounts are affected when entities settle their transactions?
Undirectional conversion needs oversight and direction
Platforms for the electronic transfer of money
How will criminals evade the system?
Central bank is in the centre
The choice rests with us
Index