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Is it time for a world currency unit?
Author(s) -
Fanning Kurt,
Goldberg Stephen R.,
Northway Bethany
Publication year - 2010
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20642
Subject(s) - currency , unit (ring theory) , reserve currency , business , virtual currency , foreign exchange risk , unit of account , monetary economics , economics , international economics , mathematics education , mathematics
A supranational currency, the World Currency Unit (Wocu), has recently been introduced. It creates potential opportunities for currency and risk management for businesses involved with international transactions. The authors look at the issues of a world currency, including how corporate treasurers can use it. © 2010 Wiley Periodicals, Inc.