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Barter System Signals Harmony in Causality


  • Toncheva, Rossitsa


"Is there money involvement in seemingly pure barter transactions?" or “Will we came back to "penniless" exchange?” The answer is looking into our concept about barter according to our concept of money. Refracted through the corporate paradigm, the barter system is an economic group. Relationships within the group correspond to the free economy paradigm /pure market economy/. Some financial features occur in pure form in the barter system. Relationships of this kind include: income, the barter money, issuance activity, clearing, currency exchange issues, interest-free loans, issues of risk management, cost of capital, return, budgetary planning and their management, value assessment, capital needs issues, restructuring, public finance etc. Whether and how the barter system can show sustainability and reliability, and what defines its performance can be studied by applying principles of corporate finance throughout the usual understanding of trade linkages.

Suggested Citation

  • Toncheva, Rossitsa, 2013. "Barter System Signals Harmony in Causality," MPRA Paper 67941, University Library of Munich, Germany, revised 2013.
  • Handle: RePEc:pra:mprapa:67941

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    More about this item


    money; modern barter system; corporate finance; economic groups;

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


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