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 THE FUTURE OF MONEYBernard A. Lietaer About the AuthorBernard Lietaerhad thirty years of professional experiences, whichtend to mutually exclude each other, such as central banker andgeneral manager of currency funds; senior consultant to bothmultinational corporations and developing countries; universityprofessor and top executive of electronic payment systems.As a senior central bank executive in Belgium he was closelyinvolved in the design and implementation of the ECU, theconvergence mechanism which led to the European single currency.He was subsequently identified by Business Week as the world's topcurrency trader, while General Manager of the most successfuloffshore currency fund (1987-91). He was a professional consultantfor over a dozen years to multinational corporations on fourcontinents; and moved to the other end of the spectrum by advisingdeveloping countries in Latin America on how to optimise hardcurrency earnings. He was a Professor of International Finance; andalso President of the most comprehensive and cost-effectiveelectronic payment system in the world.During the course of his career, he has anticipated major monetarychanges. His first book prepared the tools to manage currencies infloating exchanges, which occurred two years later. Another of his books was the first to announce the Latin American debt crisis of the1980s2. He wrote
The Future of Money
while a Fellow at the Centre forSustainable Resources at the University of California at Berkeley andVisiting Professor at Sonoma State University, California. This book
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is unique in that it integrates the author's varied professionalperspectives into a coherent view on money.
The Future of Money
and its sequel
The Mystery of Money
are the basisof an international television series currently in production.More information and direct contact for answers to your questionsare available in an on-line 'Money Conference' onwww.futuremoney.net and on www.transaction.net/moneylPrefaceDeep in our hearts, we all want to leave a better world for ourchildren and we cherish the hope that we may experience this forourselves in our own lifetime.However, there is growing concern that many of the challenges wenow face are unrelenting and more and more people question ourability to address them effectively. Indeed, despite some breakthroughs and the valiant efforts in the public and privatesectors, the challenges to our planet and society are growing both inscope and severity with each passing decade.In this new Millennium, we are being challenged by fourmegatrends that are converging upon us over the next twenty years,namely:*Climate change and loss of biodiversity;*An unprecedented growth in the number of elderly (the 'AgeWave');
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