A Complementary and Competitive Monetary System for the Future?

Carl Adams and Simon Mouatt

Chapter 14 in Corporate and Social Transformation of Money and Banking, 2011, pp 234-237 from Palgrave Macmillan

Abstract: Abstract This book has explored the transformations taking place within the wider economy at a very interesting time when systemic weaknesses are starting to be very visible. We have looked at the past, examples from the present and explored some possible future directions to address these weaknesses. The book has tried to show that systemic weakness within the banking sector is due, in a considerable part, to the characteristic of having a dominant mono-financial system. Any system that lacks competition will have systemic weaknesses affecting long-term stability. The book has also tried to show that the current financial systems are and always have been dynamic and changing. From a longer perspective it is normal and healthy for systems to change and evolve.

Keywords: Banking Sector; Real Economy; Systemic Weakness; Traditional Banking; Information Revolution (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29897-2_14

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DOI: 10.1057/9780230298972_14

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