Local money systems and their features

Paweł Marszałek

Abstract

The aim of the paper is to characterize so-called local money schemes. Such money, being a type of private money, is nowadays drawing more and more attention as a potential alternative for existing monetary solutions. Local monies, opposite to “typical” money, are not focused solely on fulfilling usual money functions, but try to achieve also other goals, often of social character and are perceived as conducive to local community where they are used. With reference to those issues there is described theoretical background of local money along with its advantages and disadvantages, as well as scale of activity. For better understanding of local money in final section of the paper, as an example, is described specific type of local money – so-called ‘Ithaca Hours’.
Author Paweł Marszałek (WE / KB)
Paweł Marszałek,,
- Department of Banking
Journal seriesFESSUD Financialisation, Economy, Society and Sustainable Development : Working Papers, ISSN 2052-8035, (0 pkt)
Issue year2016
No188
Pages1-29
Publication size in sheets1.4
Keywords in Englishlocal money, private money, monetary regimes
URL http://fessud.eu/wp-content/uploads/2015/03/FESSUD_WP188_Local-money-systemstheir-features.pdf
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 13-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 13-12-2019, ArticleFromJournal
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