The Rise of Complementary Currencies and Corporafinance: E-commerce Driven Competition in the Financial Sector

Carl Adams () and Simon Mouatt ()
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Carl Adams: University of Portsmouth
Simon Mouatt: Southampton Solent University

Journal of Internet Banking and Commerce, 2010, vol. 15, issue 1, 01-13

Abstract: This paper explores the potential of corporate monies (including electronic payment systems, non-banks and new forms of money), which we term corporafinance, supported by the capabilities of electronic commerce infrastructures that provides competition in the financial sector. The paper draws upon parallels from the industrial revolution, and the structures that emerged, as well as the evolution of money. The paper then explores complementary currencies and new structures that are emerging within the information revolution. In times of uncertainty within the financial markets complementary currencies and corporafinance may offer a stabilizing effect - even with systemic collapse of the traditional banking sector, electronic monetary activity may still flourish.

Keywords: Banking sector; Information and communication technology (ICT); Corporafinance; Complementary Currency (search for similar items in EconPapers)
JEL-codes: L81 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:joibac:0423

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