NMCR : National Average Capitalization Rate NPT : National Average Rate of Profit.
1. Monetary zone refers to a territory with three characteristics.
2. The degree of centralization of monetary management is adjustable.
This degree is increased to its maximum when only the central bank is able to legally create or destroy money in the zone. In this case, the central bank is better able to contribute to the weakness of currency depreciation, while also having the task of contributing to the increase in the CNMC, or in the case of a plurinational currency area of the CNMTs. It is as the main means of establishing or re-establishing full employment.
3. To make the latter contribution, the central bank needs an extension of its regulatory powers.
This extension relates to interest rates, ceilings for the collection of savings, floors for loans granted by financial institutions. The indexation of these ceilings and floors to the MNPT means that they are likely to be different by country in the case of a plurinational currency zone.
4. The greatest possible increase in the CNMC(s) in a currency area requires a change in the most key rates.
When the most key rates of the economy of the currency zone become profit-on-capital , the rise in the CNMR is the subject of more attention. It is, once again, as the main means of establishing or re-establishing full employment.
5. Both for security reasons and in order to make competition more regulatory, the compartmentalization of the financial industry is necessary.
The race for surplus values and dominant positions leads to demands for their lifting. Once obtained, the same cause leads to opposition to their reinstatement. The chronic excess of public charges over the revenue from taxes pushes in the same direction.