E-trade with Direct Lending and Normalized Money

A. V. IlyinV. D. Ilyin


No 4/2015, December
pp. 57-64

Ilyin, A. V. and Ilyin, V. D. (2015) “E-trade with Direct Lending and Normalized Money”, AGRIS on-line Papers in Economics and Informatics, Vol. 7, No. 4, pp. 57 - 64, ISSN 1804-1930.

Abstract

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.

Keywords

E-trade with direct lending, normalized money, system of property statuses, normalized economic mechanism, e-service, normalized e-banking.

References

  1. Fisher, I. The Purchasing Power of Money. Its Determination and Relation to Credit, Interest, and Crises. New York: The Macmillan Co. 1922.
  2. Friedman, M. The Optimum Quantity of Money. Revised edition. AldineTransaction. 2005. ISBN 978-1412804776.
  3. Helin, J. A. Reducing nutrient loads from dairy farms: a bioeconomic model with endogenous feeding and land use. Agricultural Economics. 2013, Vol. 45, No. 2. p. 167–184. doi: 10.1111/agec.12039. ISSN 0169-5150, E-ISSN 1574-0862. DOI doi.org/10.1111/agec.12039.
  4. Ilyin, A. V. Ekspertnoe planirovanie resursov [Expert Resource Planning]. Moscow: Institute of Informatics Problems of Russian Academy of Sciences. 2013. ISBN 978-5-91993-022-8.
  5. Ilyin, A. V., Ilyin, V. D. Osnovy teorii s-modelirovaniya [Basics of the theory of s-modeling]. Moscow: Institute of Informatics Problems of RAS. 2009. ISBN 978-5-902030-78-2.
  6. Ilyin, A. V., Ilyin, V. D. S-ekonomika: mekhanizm khozyaistvovaniya v epokhu interneta [S-economics: Mechanism of Management in the Internet Epoch]. Moscow: Institute of Informatics Problems of Russian Academy of Sciences. 2011. ISBN 978-5-902030-94-2.
  7. Ilyin, A. V., Ilyin, V. D. The Technology of Interactive Resource Allocation in Accordance with the Customizable System of Rules. Applied Mathematical Sciences. 2013, Vol. 7, No. 143. p. 7105–7111. doi: 10.12988/ams.2013.311649. ISSN 1312-885X. DOI doi.org/10.12988/ams.2013.311649.
  8. Ilyin, A. V., Ilyin, V. D. The Interval Method of Cost Planning and Its Implementation in the Online Service. Contemporary Engineering Sciences. 2014, Vol. 7, No. 20. p. 931–938. doi: 10.12988/ces.2014.48114. ISSN 1313-6569, E-ISSN 1314-7641. DOI doi.org/10.12988/ces.2014.48114.
  9. Ilyin, A. V., Ilyin, V. D. Towards a Normalized Economic Mechanism Based on E-services. Agris on-line Papers in Economics and Informatics. 2014, Vol. 6, No. 3. p. 39–49. [Online] Available: http://online.agris.cz/files/2014/agris_on-line_2014_3_ilyin_ilyin.pdf [Accessed: 14 August, 2015]. ISSN 1804-1930.
  10. Ilyin, V. D. Osnovaniya situatsionnoy informatizatsii [Fundamentals of situational informatization]. Moscow: Nauka, Fizmatlit. 1996. ISBN 978-5-02-015213-7.
  11. Ilyin, V. D. Model normalizovannoi ekonomiki (nek-model): osnovi konсepсii [The model of normalized economics (nec-model): basics of framework]. UBS. 2009, Vol. 25. p. 116-138. [Online] http://www.mathnet.ru/links/c6cd01830a66b4c9d14eb6ce4365e59e/ubs6.pdf [Accessed: 14 August, 2015].
  12. Ilyin, V. D. S-model normalizovannoi ekonomicheskoi sistemi [S-мodel of Normalized Economic System]. Moscow: Institute of Informatics Problems of Russian Academy of Sciences. 2010. ISBN 978-5-902030-79-9. [Online] Available: https://smodeling.files.wordpress.com/2010/03/vdilyin-s-model-nec-sys-2010e.pdf [Accessed: 14 August, 2015].
  13. Keynes, J. The General Theory of Employment, Interest and Money. Macmillan Cambridge University Press, for Royal Economic Society. 1936.
  14. Krugman, P. What Ails Europe? The New York Times. 2012. [Online] Available: http://www.nytimes.com/2012/02/27/opinion/krugman-what-ails-europe.html?_r=0 [Accessed: 14 August, 2015].
  15. Krugman, P., Wells, R. Macroeconomics. 2nd edition. New York: Worth Publishers. 2009. ISBN 978-0716771616.
  16. Lorek, S., Spangenberg, J. Sustainable consumption within a sustainable economy – beyond green growth and green economies. Journal of Cleaner Production. 2014, 63. p. 33-44. ISSN 0959-6526. DOI https://doi.org/10.1016/j.jclepro.2013.08.045.
  17. Lwasaa, S., Mugaggaa, F., Wahabb, B., Simonc, D., Connorsd, J., Griffithe C. Urban and periurban agriculture and forestry: Transcending poverty alleviation to climate change mitigation and adaptation. Urban Climate. 2014, 7. p. 92-106. ISSN 2212-0955. [Online] Available: http://ac.els-cdn.com/S2212095513000552/1-s2.0-S2212095513000552-main.pdf?_tid=a56edd90-b907-11e3-b1ca-00000aab0f6c&acdnat=1396293004_f0b5ada4b4bdf30aef954d96b7c2fc7e [Accessed: 14 August, 2015].
  18. Maart-Noelck, S. C., Musshoff, O. Investing today or tomorrow?: an experimental approach to farmers' decision behaviour. Journal of agricultural economics. 2013, Vol. 64, No. 2. p. 295–318. ISSN 0021-857X, E-ISSN 1477-9552. DOI https://doi.org/10.1111/j.1477-9552.2012.00371.x.
  19. Meyfroidt, P., Lambin, E. F., Erb, K.-H., Hertel, T. W. Globalization of land use: distant drivers of land change and geographic displacement of land use. Current Opinion in Environmental Sustainability. 2013, Vol. 5, No. 5. p. 438–444. ISSN 1877-3435. DOI https://doi.org/10.1016/j.cosust.2013.04.003.
  20. Skevas, T., Lansink, A. O. Reducing Pesticide Use and Pesticide Impact by Productivity Growth: the Case of Dutch Arable Farming. Journal of agricultural economics. 2014, Vol. 65, No. 1. p. 191–211. doi: 10.1111/agec.12039. ISSN 0021-857X, E-ISSN 1477-9552. DOI https://doi.org/10.1111/agec.12039.
  21. Soukup, A., Brčák, J., Svoboda, R. Monopolistic Competition in the International Trade of Agricultural Products. Agris on-line Papers in Economics and Informatics. 2014, Vol. 6, No. 1., p. 87–97. [Online] Available: http://online.agris.cz/files/2014/agris_on-line_2014_1_soukup_brcak_svoboda.pdf [Accessed: 14 August, 2015]. ISSN 1804-1930.
  22. Taran, P. Globalization, Migration and Labor: Imperatives for a Rights Based Policy. Journal of Globalization Studies. 2011, Vol. 2, No. 1. p. 58–77. [Online] Available: http://www.sociostudies.org/journal/files/jogs/2011_1/globalization_migration_and_labour_imperatives_for_a_rights_based_policy.pdf [Accessed: 14th August, 2015]. ISSN 2075-8103.
  23. USA. The White House. National Strategy for Trusted Identities in Cyberspase. Enhancing Online Choice, Efficiency, Security, and Privacy. 2011. [Online] Available: http://www.whitehouse.gov/sites/default/files/rss_viewer/NSTICstrategy_041511.pdf [Accessed: 14 August, 2015].
  24. Valin, H., Sands, R. D., van der Mensbrugghe, D., Nelson, G. C., Ahammad, H., Blanc, E., Bodirsky, B., Fujimori, S., Hasegawa, T., Havlik, P., Heyhoe, E., Kyle, P., Mason-D‘Croz, D, Paltsev, S., Rolinski, S., Tabeau, A., van Meijl, H., von Lampe, M., Willenbocke, D. The future of food demand: understanding differences in global economic models. Agricultural Economics. 2014, 45, No. 1., p. 51–67. doi: 10.1111/agec.12089. ISSN 0169-5150, E-ISSN 1574-0862. DOI doi.org/10.1111/agec.12089.

Full paper

  Full paper (.pdf, 274.14 KB).