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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Echell Mobil System in IMF: Foreign Currency Exchange
Author(s)
Gürhan Uysal
Full-Text PDF
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DOI:10.17265/2328-7144/2015.0304.002
Affiliation(s)
Gürhan Uysal, Ph.D., associate professor, School of Business, Ondokuz Mayıs University, Samsun, Turkey.
ABSTRACT
Echell Mobil is to use third variable in currency system. A criterion for becoming Echell Mobil is trade relations. In Echell Mobil system, Echell Mobil countries print and issue dollar banknote and distribute it to partner country. American Fed implemented Quantity Enlargement Policy during the 2008 crises. Fed directly distributes dollars in quantity enlargement. Echell Mobil is similar to Quantity Enlargement Policy. However, it is different from Quantity Enlargement Policy. There is a third variable in Echell Mobil and this third country issues dollar and distributes to partner country. Iceland may become Echell Mobil of European Union and Jordan may become Echell Mobil of Turkey.
KEYWORDS
Echell Mobil system, International Monetary Fund (IMF), foreign currency exchange
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References
Uysal, G. (2008). Human resource management in US, Europe, and Asia: Differences and characteristics. Journal of American Academy of Business, 14(2), 112-117.
Uysal, G. (2014). Neo-Mercantilism theory: National currency and IMF. Proceedings from 13th Euro Asia Business and Economic Conference, Bilgi University, Istanbul.