Monetary Reform is accounting reform that reaches more deeply into banking central bank, money supply and monetary policy. It affects how money is created and destroyed, and what constitutes a reliable measure of economic growth and measures of national income. Accounting reform is change to accounting rules that goes beyond the enforcement of standard accounting practices and the elimination of creative accounting. It is advocated by those who consider the present standards and practices of the profession wholly inadequate to the task of measuring and reporting the activity, success, and... For other uses, see Bank (disambiguation). ... Money supply (monetary aggregates, money stock), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. ... Monetary policy is the process of managing a nations money supply to achieve specific goals—such as constraining inflation, achieving full employment or more well-being. ... Money is any marketable good or token used by a society as a store of value, a medium of exchange, or a unit of account. ... Economic growth is the increase in the value of goods and services produced by an economy. ... Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy. ...

In the United States, the Federal Reserve and Department of the Treasury are responsible for these functions. Thus the term Treasury reform, which is a synonym but one that applies only to such reform of the US dollar. The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the privately-operated central banking system of the United States. ... The United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of U.S. Congress in 1789 to manage the revenue of the United States government. ... The United States dollar is the official currency of the United States. ...

In recent years debates have focused on improving the use of currency. These debates have been linked to some extent with the valuation of non-traded goods and social outcomes.

While ensuring the independence from government of the central bank or the creation of a currency board are practical monetary reforms that many countries have implemented (e.g. Bank of England) to combat inflation or currency speculation, many suggest that more radical monetary reform can assist in sweeping economic or social changes. A currency board is a system by which a currency is convertible at a fixed exchange rate with another currency. ... The Bank of England is the central bank of the United Kingdom, sometimes known as The Old Lady of Threadneedle Street or The Old Lady. The Bank of England // Functions of the bank It performs all the recognized functions of a central bank -- to maintain price stability, and subject to...

Many prominent economists have criticised the existing global financial institutions like the World Bank and International Monetary Fund and their policies regarding money supply, banks and debt in developing nations. Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... Money supply (monetary aggregates, money stock), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. ... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ... Debt is that which is owed. ...

There is also widespread criticism of the role of money GDP as a method of measuring well-being rather than methods based on human development theory. See measures of national income. The well-being or quality of life of a population is an important concern in economics and political science. ... Human development theory is an economic theory that merges older ideas from ecological economics, sustainable development, welfare economics, and feminist economics. ... Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy. ...

Some go further and suggest that wholesale reform of money and currency, based on ideas from green economics or Natural Capitalism would be beneficial. These include the ideas of soft currency, barter and the local service economy. Green economics loosely defines a theory of economics by which an economy is considered to be component of the ecosystem in which it resides. ... Natural capitalism is a set of trends and economic reforms to reward energy and material efficiency - and remove professional standards and accounting conventions that prevent such efficiencies. ... The tone of this article is inappropriate for an encyclopedia article. ... Barter is a form of trade where goods or services are exchanged for a certain amount of other goods or services, i. ... Service economy can refer to one or both of two recent economic developments. ...

Many theorists (e.g. Robert Mundell) see a role for global monetary reform as part of a system of global institutions alongside the United Nations to provide global ecological management and move towards world peace. Robert Alexander Mundell (born October 24, 1932) is a Canadian economist who graduated from the University of British Columbia in Vancouver. ... The United Nations, or UN, is an international organization established in 1945 and now made up of 191 states. ... Ecology is the branch of science that studies the distribution and abundance of living organisms, and the interactions between organisms and their environment. ... World peace is a future ideal of freedom, peace and happiness among and within all nations. ...

Some (e.g. Henry Liu) argue that monetary reform is an important part of a move towards post-autistic economics. ...

While most mainstream economists favour monetary reforms to reduce inflation and currency risk and to increase efficiency in the allocation of financial capital, the idea of all-encompassing reform for green or peace objectives is typically espoused by those on the left-wing of the subject and those associated with the anti-globalization movement. Efficiency is the capability of acting or producing effectively with a minimum of waste, expense, or unnecessary effort. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ... In politics, left-wing, political left, leftism, or simply the left, are terms which refer (with no particular precision) to the segment of the political spectrum typically associated with any of several strains of socialism, social democracy, or liberalism (especially in the American sense of the word), or with opposition... Anti-globalization (anti-globalisation) is a political stance of opposition to the perceived negative aspects of globalization. ...

See also

• financial capital
• creditary economics
• Debt-free Money