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

Descrição não disponível.
List of illustrations



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
Este título pertence ao(s) assunto(s) indicados(s). Para ver outros títulos clique no assunto desejado.
Paper Currency Notes;Paper Currency;Corruption;Payment Terminals;Fraud;Account Holder;Electronic Currency;Digital Fraud;Economic Jurisdiction;Gift Vouchers;Bribery;Gdp Growth Rate;Economy;Currency Notes;Development;Biometric Identity;Crime;Fake Currency;Criminal;Seller's Bank Account;Cash;Automated Phone Call;Money;professional crime;Visible Trail;paper currency-free economy;Fake Identity;Entities Residing;economic prosperity;Partial Transition;Legal Tender;Central Bank;Underdeveloped Parts;Debit Cards;Bank Cards;Bank Account