E-trade with Direct Lending and Normalized Money

The article presents the advanced technology of the normalized commodity-money relations. The technology is considered as updating the model of the normalized economic mechanism. The core of this technology is the e-trade with direct lending where deferred portion of the payment is documented as the buyer's debt to the seller (not to the bank!). The technology of e-trade with direct lending provides the possibility of early repayment of debt amounts to the sellers of priority goods. This repayment is fulfilled by the debt department of the state central bank. Rules of emission of debt amounts are presented in the advanced model of normalized money. The important innovation in normalized e-trade is the rule of obligatory state online certification of transactions.


Issue Date:
Dec 30 2015
Publication Type:
Journal Article
DOI and Other Identifiers:
1804-1930 (Other)
PURL Identifier:
http://purl.umn.edu/231893
Published in:
AGRIS on-line Papers in Economics and Informatics, Volume 07, Number 4
Page range:
57-64
Total Pages:
8
Series Statement:
Volume VII
4




 Record created 2017-04-01, last modified 2017-08-29

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)