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A Complementary and Competitive Monetary System for the Future?

In: Corporate and Social Transformation of Money and Banking

Author

Listed:
  • Carl Adams
  • Simon Mouatt

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.

Suggested Citation

  • Carl Adams & Simon Mouatt, 2011. "A Complementary and Competitive Monetary System for the Future?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Simon Mouatt & Carl Adams (ed.), Corporate and Social Transformation of Money and Banking, chapter 14, pages 234-237, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-29897-2_14
    DOI: 10.1057/9780230298972_14
    as

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