Общностните валути като инструмент за противодействие срещу нежеланите аспекти от икономическата криза (Community currencies as a counter tool to unacceptable aspects of economic crisis)

Toncheva, Rossitsa

Общностните валути като инструмент за противодействие срещу нежеланите аспекти от икономическата криза (Community currencies as a counter tool to unacceptable aspects of economic crisis)

Community currencies as a counter tool to unacceptable aspects of economic crisis

MPRA Paper from University Library of Munich, Germany

Abstract: The questions which the global crises insistently sets today once again head to the organization of monetary circulation. Many scientists defend the proposal to eliminate the state monopoly, respectively the central bank monopoly as the only issuer of currency and to be allowed the circulation of the complementary currencies as a local legal tender altogether with the national currency. On this base the setting of currency communities has some logic. Practically, these types of complementary currencies are constructed as microstructures and are proof of favorable impact to social-economy activity at local level. Data indicates that they are beneficial to both the participants and the higher rank economic systems as the community, the state, the union. This paper studies the positive impact of community currencies to the community welfare, if they are used but not the degree of this impact compared to another measures types during crises.

Keywords: Community Money; Complementary Currencies; Monetary Systems; Financial Crises (search for similar items in EconPapers)
JEL-codes: E00 E01 E40 E42 P44 (search for similar items in EconPapers)
Date: 2012, Revised 2012
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Published in The Bulgarian Financial System in the Context of the European Turbulences 3th International Scientific Conference.1(2013): pp. 172-178

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