UPCOMING EVENTS IN CHRONOLOGICAL ORDER.
6 March 2008. Publication of the 2008 Edition of the book, The Single Global Currency - Common Cents for the World, by the Single Global Currency Association.
9 March 2008 - Fifth Annual Single Global Currency Conference! The Single Global Currency Association has scheduled the fifth annual Single Global Currency Conference Contact the association for more information and/or click on SGC Annual Conf.
4-5 May 2007 GCC Currency Conference in Dubai.
The conference is considering the very important upcoming plan for GCC Monetary Union. See PROGRAM.
PAST EVENTS IN REVERSE CHRONOLOGICAL ORDER.
19-20 July 2007 - Fourth Annual Single Global Currency Conference! The Single Global Currency Association has scheduled the fourth annual Single Global Currency Conference at the Mt. Washington Hotel at Bretton Woods, New Hampshire, for Thursday/Friday, July 19-20, 2006. Contact the association for more information and/or click on SGC Annual Conf.
1 January 2007. Publication of the 2007 Edition of the book, The Single Global Currency - Common Cents for the World, by the Single Global Currency Association.
10-12 September 2006. Annual meeting of the National Association for Business Economics in Boston.
20-21 July 2006. - Third Annual Single Global Currency Conference! The Single Global Currency Association has scheduled the third annual Single Global Currency Conference at the Mt. Washington Hotel at Bretton Woods, New Hampshire, for Thursday/Friday, 20-21 July 2006. Contact the association for more information and/or click on SGC Annual Conf.
17-18 July 2006. FINANCIAL GLOBALISATION AND INTEGRATION
More concretely, the papers to be presented at the conference
should address one or more of the following
- Global imbalances and their adjustment mechanisms;
- International financial flows and their determinants;
- Asset price co-movements and contagion phenomena;
- Risk-sharing through the global financial system;
- Changes in investment and consumption home biases;
- Financial stability implications of international
financial integration and global imbalances.
The objective of the conference is to bring together
leading academics and policy-makers on the issue of
financial globalization and integration. The conference
will take place at the ECB in Frankfurt, in collaboration
with the Journal of International Money and Finance.
Submit papers to Angela Fauvet at the European Central Bank by April 30, 2006.
24 April 2006. Publication of book, The Single Global Currency - Common Cents for the World, by the Single Global Currency Association. (See media release below:)
Will it be one of the important books for the world, which have led to worldwide improvement? See list below:
Common Sense , by Thomas Paine (British colonialism)
The Communist Manifesto, by Karl Marx (unregulated
Uncle Tom's Cabin, by Harriet Beecher Stowe (slavery)
The Jungle, by Upton Sinclair (slaughterhouse conditions)
The Other America, by Michael Harrington (poverty in the
Silent Spring, by Rachel Carson (DDT, pollution of environment)
Unsafe at any Speed, by Ralph Nader (unsafe automobiles]
The Single Global Currency - Common Cents for the World ,
by Morrison Bonpasse (multicurrency foreign exchange
system of risks and crises and hundreds of billions in
24 April 2006 - Media Release
The Single Global Currency Association is publishing the first edition of the book, The Single Global Currency - Common Cents for the World.
Written by Morrison Bonpasse, the president of the association, the book shows how the world can save hundreds of billions of dollars, and eliminate currency crises and balance of payments problems, by forming a Global Monetary Union with a Single Global Currency. Despite its 424 pages and 720 endnotes, but with only one graph, the book is intended for the people of the world, as well as academics.
The book explains how the multicurrency foreign exchange trading system was developed about 2,500 years ago to enable people to trade with different currencies. That system has become far more sophisticated and larger in the meantime, and sees the exchange of $2.5 trillion per day; but it is very expensive, risky and obsolete.
Said Bonpasse, "With the creation and coming expansion of the European Monetary Union, the people of the world can now see how to create a Global Monetary Union with a Single Global Currency. Stable money has been a goal for centuries, and now it's within reach."
The book concludes that it is now time to replace the multicurrency system with a Single Global Currency which will eliminate the annual $400 billion transaction costs of that trading. Also to be eliminated will be the need for foreign exchange reserves, and the international debate about the fairness of countries' exchange rates. Gone, too, will be the currency risk which now depresses asset values, especially in underdeveloped countries. Without such currency risk, worldwide asset values are projected to increase by about $36 trillion, which will fuel an annual increase in world GDP of about $9 trillion.
A Single Global Currency is no longer a utopian dream, but a realistic projection of what has been learned from existing monetary unions, especially the euro.
The world needs to set the goal of a Single Global Currency by 2024, to be managed by a Global Central Bank, within a Global Monetary Union, thus establishing a "3-G" world. And begin planning - now. The book contains chapters about political and educational action in support of those goals including Chapter 7, "How to Get There from Here."
Said Bonpasse, "Please read this book and help save the world -- trillions."
The book is available from Amazon.com and directly through the Single Global Currency Association at www.singleglobalcurrency.org and participating bookstores.
Sponsored by the European Commission and Organized by the Jean Monnet Chair of the University of Miami. To be held at the University of Miami on Tuesday 25 April.
26-28 April 2006. Global Finance Conference with the theme,
"Corporate Financing & Risk Management around the World", at Rio Di Janeiro. Papers must be submitted by 21 January 2006.
Keynote speaker will be Professor Finn Kydland, the 2004 Nobel Laureate in Economics.
24-26 May 2006. THE ARCHITECTURE OF FINANCIAL SYSTEM STABILITY: FROM MARKET MICRO STRUCTURE TO MONETARY POLICY on Capri, Italy.
The keynote speakers are Charles Goodhart, London School
of Economics, UK and Claudio Borio, Bank for International
Settlements, Basel, Switzerland.
The deadline for submitted papers is 31 November 2005, and hopefully, there will be submissions about the single global currency.
[It would be exciting if someone submitted an article about how a single global currency would substantially promote international financial stability.]
27 May 2006. Conference: "The Euro and the Dollar in a Globalized Economy" at the University of California, Santa Cruz
Sponsored by the Santa Cruz Center for International Economics at UC Santa Cruz, the Federal Reserve Bank of San Francisco, the Center for European Integration Studies at the University of Bonn and funded by the Delegation of the European Commission, Washington, DC.
10-12 April 2006. 6th Global Travel and Tourism Summit sponsored by the World Travel & Tourism Council, in Washington, D.C.
27-29 March 2006. Fifth Annual Darden Business School Conference, "The Financing of Corporations in Emerging Countries, Special Symposium for Journal of Financial Economics" in Washington D.C.
The deadline for submission of materials is December 1, 2005.
[It would be exciting if someone submitted an article about how a single global currency would substantially assist the financing of corporations in emerging countries.]
January 6-8, 2006 Annual Meeting, American Economics Association in Boston, Massachusetts.
Of note to the SGCA is the session:
Jan. 6, 10:15 am "The Effects of EMU After Six Years (F3)"
Presiding : FRANCESCO PAOLO MONGELLI, European Central Bank
PHILIP LANE, University of Dublin”How is EMU Changing the European Economy?
BENT E. SORENSEN, University of Houston”The Impact of the EMU on the Channels
of Risk Sharing between Member Countries
KATHRYN DOMINGUEZ, University of Michigan”The ECB, the Euro and Global
PAUL DE GRAUWE, University of Leuven, and FRANCESCO PAOLO MONGELLI, European Central Bank”Endogeneities of Optimum Currency Areas: What Brings Countries Sharing a Single Currency Closer Together?
Discussants: FRANK SMETS, European Central Bank
PHILIP LANE, University of Dublin
MARK A. WYNNE, Federal Reserve Bank of Dallas
DOIREANN FITZBERLAD, University of California-Santa Cruz
22 November 2005. "FX Week Europe 2005" sponsored by FX Week magazine of London.
"...fourth annual European congress, FX Week
Europe 2005 , a unique opportunity for foreign
exchange professionals to hear about the latest advances
in the global FX market.
October 2-5, 2005 10th International Currency Conference in Montreal, Canada.
The Single Global Currency is on the AGENDA (Click on "Agenda", then "General Session Topics") and will be presented by morrison bonpasse, of the Single Global Currency Assn. Power Point Presentation: "It's Time to Plan to Save the World $Trillions"
July 14-15, 2005 - Second Single Global Currency Conference! The Single Global Currency Association has scheduled the second annual Single Global Currency Conference at the Mt. Washington Hotel at Bretton Woods, New Hampshire, for Thursday/Friday, July 14-15, 2005. The conference will be held in a room across the hall from the 1944 world monetary conference which determined the post-war financial system until 1971, and which continues to affect the world financial system through the institutions established there: the World Bank and the International Monetary Fund. Contact the association for more information and/or click on SGC Annual Conf.
July 29-31, 2004 - Athenian Policy Forum Biennial Conference to Focus on Currency Arrangements
The conference, to be held in Frankfurt, Germany, will have the theme: "Asymmetries in Trade and Currency Arrangements in the 21st Century". The Single Global Currency Association has written to the Organizing Committee of that conference to urge that the single global currency be presented and discussed at that conference. For more information about the Athenian Policy Forum and its planned activities over the next two years, go to: http://www.apforum.org/forward1.htm
July 9, 2004 - Single Global Currency Conference! The Single Global Currency Association has scheduled the first annual Single Global Currency Conference at the Mt. Washington Hotel at Bretton Woods, New Hampshire, for Friday, July 9, 2004. The conference will be held in a room across the hall from the 1944 world monetary conference which determined the post-war financial system until 1971. Contact the association for more information.
This conference was sponsored by the Osterreichische Nationalbank. Speakers focused on the the IMF and the World Bank. Of particular interest for those interested in monetary unions and the Single Global Currency was the panel on "Exchange Rate Regimes", and especially the presentation by Josef Christl, Executive Director of the Oesterreichische Nationalbank, "Regional Monetary Arrangements - Are Currency Unions the Way Forward? "
June 14-15, 2004 "60 Years after Bretton Woods", sponsored by the Banco de Espana and the International Monetary Fund.
"The main goal of the conference is to promote an exchange of views between leading academics, high-level officials and private sector representatives on issues related to debt, deficits, and exchange rates, three broad policy areas that are widely seen as critical for the future configuration of the international monetary system."
April 26-28, 2004, Annual Milken Institute Global Conference, Los Angeles
"where the world's leading business, economic, government and academic talent come together to assess where the world is headed." See http://www.milkeninstitute.org.
April 4-6, 2004
11th Annual Global Finance Conference, Las Vegas, Nevada, U.S.
This conference for an expected 75,000 people, will be open meeting place for reflective thinking, democratic debate of ideas, formulation of proposals, free exchange of experiences and interlinking for effective action, by groups and movements of civil society that are opposed to neo-liberalism and to domination of the world by capital and any form of imperialism, and are committed to building a planetary society directed towards fruitful relationships among Mankind and between it and the Earth.
Planning to attend, among others, are Noam Chomsky and Nelson Mandela.
This forum is listed here as it's the belief of the Single Global Currency Association that the single global currency can be consistent with the values of many of those who opppose many aspects of globalization.
The featured speakers are Alan Greenspan, James M. Buchanan, Anna J. Schwartz and Vaclav Klaus. The issues for discussion are: "Can the European Monetary Union persist and prosper without political union?", "If political union is unrealistic, what is the future of the euro?", "Will Europe's coming pension crisis undermine the Stability and Growth Pact and jeopardize the European Central Bank's commitment to long-run price stability?", and "What are the costs and benefits of joining the euro zone?"
October 16-19, 2003 - 56th International Atlantic Economic Conference, in Qubec City
This conference includes panels on International Finance.
October 2-3, 2003
The conference was held in Philadelphia at the Federal Reserve Bank. While this conference did not have sessions on foreign exchange, previous G.I.C. conferences have done so, and those sessions are on the same web site.
September 14, 2003 - Sweden voted "No" on the euro
Sweden voted "No" on whether to join the euro and drop its krona as a currency. According to the New York Times, a pre-election poll shows 53% against adopting the euro and 43 percent in favor. The majority of the article was about the uncertain date for the planned referendum on the euro in the United Kingdom. (New York Times, 8/27/03, by Alan Cowell, "Euro Vote Unlikely Soon as Britain Focuses on Iraq".)
Note: See the Swedish government's web site about that country's referendum at Sweden and the euro.
September 7-11, 2003
Banking Annual Training Course/Seminar Series
National And International Payment Systems And The Impact Of E-money
intensive residential programme, 7 September - 11 September
Venue: Christ's College, Cambridge
Charles Goldfinger(Global Electronic Finance Management/Chairman, Financial Internet Working Group) presented a seminar entitled "The future of payment systems" From the agenda, "This session will explore some of the possible future directions which evolving money and payment systems technologies may follow. What will be the consequences for central banks of a proliferation of issuers and currencies? Alternatively, will we see the emergence of a single global currency? How will digital value contracts evolve and what will be the regulatory implications?"
June 15-17, 2003
held at the European Business School, Frankfurt/Main, Germany.
June 28 - July 4, 2003
Tenth Annual Conference of the Multinational Finance Society, in Montreal. Single global currency-related Topics included "The Determinants of Foreign Currency Hedging by UK non-Financial Firms", "U.S. Acquisitions of Canadian Firms and the Role of the Exchange Rate", "European Currency Volatility After Economic and Monetary Union", "The Impace of the Asian Crisis on Currency Bid-Ask Spreads", and "Bias in Analysts' Earnings Forecasts and Foreign Currency Hedging: Evidence from Multinational, Large and Non-Finacial U.S.Corporations".
May 29- June 1, 2003
At this conference, there were several presentations relating to the current exchange rate systems, including "U.S. Acquisitions of Canadian Firms and the Role of the Exchange Rate" and "Do Central Banks Target Exchange Rates? A Structural Empirical Investigation".
May 13-14, 2003
There was a meeting of the "International Monetary Convention" in Madrid. For that meeting, Robert Skidelsky prepared his article "Exchange Rate System for 'Mature' Economies in a Global Economy", in which he referred to the Single Global Currency as "utopian". The meeting was held by the "Reinventing Bretton Woods Committee".
January 26, 2001
The World Economic Forum, based in Switzerland, held a panel entitled "Does the Global Economy Need a Global Economy". Fouir of the participants (Jeffrey Frankel, Martin Feldstein, Jacob Frankel and Haruhiko Kuroda were pessimistic about the utility or feasibility of a single global currency. Robert Mundell offered the proposal that two or more of the major currencies (dollar, euro, yen) become linked to each other; but he acknowledged that this would require currently politically unacceptable abandonment of local/national control of monetary policy for the central banks in those currency areas.
See What's been said against the SGC in this website.
November 8, 2000
The International Monetary Fund held a forum entitled "One World, One Currency: Destination or Delusion?" with participants Paul Masson, Robert Mundell, Maurice Obstfeld and Alexander Swoboda. See What's been said for the SGC: Academics and Economists in this website.
October 4-5, 2000
The North-South Institute held a conference entitled "To Dollarize or not to Dollarize? Currency Alternatives for the Western Hemisphere". There were five panel discussions, entitled, "Defining the Problem", Alternate Currency Arrangements", "Latin American Experiences", "Is Dollarization Inevitable" and "A Common Currency for the Americas?"