International monetary policy -- thinking out of the box.

One of the problems that contributed to the Great Depression was a breakdown in international trade. One boost to international trade, as shown in the Euro zone, is a shared currency and the elimination of exchange rates. One achievable possibility would be to synchronize monetary policy between the Euro, Canadian Dollar, US Dollar and the Yen. I.E. 1 Greenback = 1 Loony = 1 Euro = 100 Yen.

This would increase trade between the participants and build a exchange rate free trade zone among relative equal nations.

Recent world events have shown us that our economies are truly closely linked. The myth of separateness is refuted by the daily interactions between our stock markets, exchange rates, and banks.

No comments: