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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]

Author

Listed:
  • Toncheva, Rossitsa

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.

Suggested Citation

  • Toncheva, Rossitsa, 2012. "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," MPRA Paper 67942, University Library of Munich, Germany, revised 2012.
  • Handle: RePEc:pra:mprapa:67942
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    More about this item

    Keywords

    Community Money; Complementary Currencies; Monetary Systems; Financial Crises;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation

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