Local money systems and their features
AbstractThe 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’.
|Journal series||FESSUD Financialisation, Economy, Society and Sustainable Development : Working Papers, ISSN 2052-8035, (0 pkt)|
|Publication size in sheets||1.4|
|Keywords in English||local money, private money, monetary regimes|
|Score|| = 0.0, 13-12-2019, ArticleFromJournal|
= 5.0, 13-12-2019, ArticleFromJournal
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