Electronic Money, Foreign Exchange, Global Trade & Carthage
10 Pages Posted: 1 Aug 2014
Date Written: July 30, 2014
Abstract
Global economic trade is often argued to be as old as trade. The question of the nature of the exchange is the issue. While tin from England may have reached Sumeria 4,000 years ago, or Phoenicians’ ships entered the Africa area of Cape Palmas at about the same time, the problem of exchange is a central issue. Ideas of money are as diverse as the cultures that produce them, yet today global trade is experiencing modifications of the satisfaction of exchange with new platforms of electronic money. Such abstractions of value may not be new, but a product of complexity and distance of exchange partners and clients.
Keywords: electronic money, currency, debt, deflation, Carthage
JEL Classification: A10, A14, a15, C78, E41, E42, E51, E58, F02, F33, N10, N80, P50
Suggested Citation: Suggested Citation