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

Jerome Blanc

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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: National currencies; Polanyi; monetary theory; monetary plurality; competition; complementarity (search for similar items in EconPapers)
Date: 2018
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01905298v1
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Published in Evolutionary and Institutional Economics Review, 2018, 15 (2), pp.389-411. ⟨10.1007/s40844-018-0101-1⟩

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Journal Article: Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01905298

DOI: 10.1007/s40844-018-0101-1

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