A foreign exchange transaction reporting system (FXTRS) for central banks |
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Authors: | Alan F. Kay Hazel Henderson |
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Affiliation: | P.O. Box 5190, St. Augustine FL 32085, USA |
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Abstract: | This paper builds on our 1996 work, “Introducing Competition to Global Currency Markets” [1], with respect to recent developments of the international capital and foreign exchange markets. Recent proposals are reviewed relevant to the desirability of a new architecture or structure to improve the operation of these markets. We propose in greater specificity than in our earlier paper a Foreign Exchange Transaction Reporting System, (FXTRSsm), whose specific technological features will supplement the beneficial affects of non-technological methods proposed by ourselves and others to stabilize and improve these markets, while reducing their social and environmental costs. Patents are pending on the FXTRSsm and royalties earned will be donated to the United Nations by the authors. |
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