Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity

Jerome Blanc

Evolutionary and Institutional Economics Review, 2018, vol. 15, issue 2, No 10, 389-411

Abstract: Abstract This text aims at accounting for the plurality of money by emphasizing the delicate and evolving balance of the legal monetary systems and the continued existence of moneys that stay outside, though their continuation is subjected to chronic difficulties. It uses Polanyian concepts to take the wide and increasing variety of money into account and mobilizes criteria able to analyse the variety of links between them. It proposes a framework based on the representation of a “plurality triangle” with institutional integration, complementarity and competition, and it analyses the positioning of moneys in this framework as well as tensions that may generate shifts in their positioning.

Keywords: Monetary theory; Monetary plurality; Competition; Complementarity; National currencies; Polanyi; B52; E42 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40844-018-0101-1

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