The visible and the invisible. On monetary plurality in the contemporary monetary regimes

Le visible et l'invisible: de la pluralité monétaire dans les régimes monétaires contemporains

Jerome Blanc and Bruno Théret (theret@dauphine.fr)
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Bruno Théret: Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, IRISSO - Institut de Recherche Interdisciplinaire en Sciences Sociales - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: This paper investigates the types of institutionalization of monetary plurality. It differentiates the legal and the ethical components of this institutionalization. It establishes that contemporary monetary systems are regimes of monetary unicity that rest on a working fiction that makes institutionalized plurality invisible. Chartalism appear to be a doctrine that fuels this working fiction. The paper studies elements of monetary plurality at work in those regimes of unicity. It also presents the constitutive elements of plurality regimes and discusses two ideal- types of them: free banking and monetary federalism.

Keywords: institutionnalisation; pluralité monétaire (search for similar items in EconPapers)
Date: 2024
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04848818v1
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Published in Revue Française de Socio-Economie, 2024, 2024/2 (33), pp.41-61. ⟨10.3917/rfse.033.0041⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04848818

DOI: 10.3917/rfse.033.0041

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