Written by two leading experts on multinational accounting and
billion-dollar international investment funds, this book provides a
framework for a global reform of the world monetary system, and defines
a decidedly new approach to dealing with public debt mortgage, an issue
that we can see in many countries in Europe and around the world. The
authors put forward a proposal for transforming sterile financial
masses, which are withdrawn from the real economy as they no longer bear
interest, into wealth. To facilitate this return to the real economy,
the authors propose that a significant share of public debt be converted
into net equities in the world of business and goods production in order
to find new profitable investment projects. The idea is bold, and the
authors strive to demonstrate its technical feasibility. They are
convinced that this approach can accompany and enhance a movement that
has already begun, namely the implementation of vast national and
international investment programs in major infrastructures and research
projects in innovative sectors.
This work builds on the authors' two previous books, which focus on the
monetary system. The first, published in 2010 and including a foreword
by former French Finance Minister Christine Lagarde, analyzes the new
virtual dimension of money. The second, published in 2014, puts forward
an innovative proposal for a new financial regulation aimed at more
stable economies. This third book is intended for professionals in the
financial industry, including decision makers at banks, accounting and
private equity firms, as well as policymakers at central banks and
government institutions involved in the implementation of financial and
monetary reforms.
