Multiple Exchange Theory: Need to Change IMF System

Abstract

This study discusses global golden map to handle global liquidity gap. Further, it discusses 3rd Central Bank to effectively apply golden policy. Reason for applying golden policy is based on IMF system. IMF system is based on golden-dollar relations. However, that system is not run enough effectively due to multiple parity and multiple exchange system in global economy. In order to effectively apply multiple parity and multiple exchange system, it needs 3rd Central Bank, it is Asia Central Bank. Otherwise, global economy might go to severe liquidity problem and gap that may create conditions severe than 1929 Case.