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Have you ever asked yourself what gives comfort to someone who demands and accepts a bribe, sells drugs, or commits professional crimes for money? The majority of these people are not wealthy, and they accept small amounts of money every day from their victims.
Cash, Corruption and Economic Development examines the causes of corruption and crime and highlights the causes of comfort to all those who accept bribes and kickbacks, arguing that this is paper currency because it does not leave a signature of its movement from one entity to the other. The author proposes that today, with the technology available, we can make the transition to a paper currency free economy, which will help stop corruption and crime and give a boost to economic development. The book analyses the causes of corruption and presents a model to replace the present model, to be implemented by the central bank and followed by banks operating within that jurisdiction.
The book will be of interest to economists, students of economics and finance, and all those who have suffered as a result of corruption and professional crime and who want corruption and professional crime to end.