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

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  • Jérôme Blanc

    (Univ. de Lyon, Sciences Po Lyon, TRIANGLE, UMR, 5206 CNRS)

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.

Suggested Citation

  • Jérôme Blanc, 2018. "Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 389-411, December.
    • Handle: RePEc:spr:eaiere:v:15:y:2018:i:2:d:10.1007_s40844-018-0101-1
    DOI: 10.1007/s40844-018-0101-1
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    References listed on IDEAS

    as
    1. Jérôme Blanc, 2017. "Unpacking monetary complementarity and competition: a conceptual framework," Cambridge Journal of Economics, Oxford University Press, vol. 41(1), pages 239-257.
    2. N. Nergiz Dincer & Barry Eichengreen, 2014. "Central Bank Transparency and Independence: Updates and New Measures," International Journal of Central Banking, International Journal of Central Banking, vol. 10(1), pages 189-259, March.
    3. Jérôme Blanc & Ludovic Desmedt & Laurent Le Maux & Jaime Marques-Pereira & Pepita Ould Ahmed & Bruno Théret, 2018. "Monetary plurality in economic theory," Post-Print halshs-02005283, HAL.
    4. Jérôme Blanc, 2017. "Making Sense of the Plurality of Money : A Polanyian Attempt," Post-Print halshs-02023680, HAL.
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