Overview
- Written by two leading experts on multinational accounting and billion-dollar international investment funds
- Provides a framework for a global reform of the world monetary system
- Puts forward a proposal for transforming sterile financial masses into wealth
Part of the book series: Future of Business and Finance (FBF)
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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 The authors put forward a proposal for transforming sterile financial masses, which are withdrawn from the real economy as they no longer bear interest, into wealth.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 investmentprograms 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.
Authors and Affiliations
About the authors
JEAN-FRANÇOIS SERVAL is President of Serval & Associés, a European accounting firm, and founder and head of the United States operations of Constantin Associates, a multinational accounting firm. He is a member of the European League for Economic Co-operation and the International Fiscal Association.
JEAN-PASCAL TRANIÉ started his career at the French Ministry of finance, then held senior executive positions at Vivendi, including head of the Media and Multimedia division and CEO of Vivendi venture capital arm. Since 2004, he is founder and President of Aloe Private Equity, a regulated fund management company, with a particular focus on sustainable development and technology.
Bibliographic Information
Book Title: Financial Innovations and Monetary Reform
Book Subtitle: How to Get Out of the Debt Trap
Authors: Jean-François Serval, Jean-Pascal Tranié
Series Title: Future of Business and Finance
DOI: https://doi.org/10.1007/978-3-031-24189-5
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-24188-8Published: 31 January 2023
Softcover ISBN: 978-3-031-24191-8Published: 01 February 2024
eBook ISBN: 978-3-031-24189-5Published: 30 January 2023
Series ISSN: 2662-2467
Series E-ISSN: 2662-2475
Edition Number: 1
Number of Pages: XXIX, 191
Number of Illustrations: 8 b/w illustrations
Topics: Macroeconomics/Monetary Economics//Financial Economics, Public Finance, Business Finance, Financial Services, Financial Services