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Alternative Views on Money in the First Half of the XX Century and Today

Equilibrium. Quarterly Journal of Economics and Economic Policy

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Title Alternative Views on Money in the First Half of the XX Century and Today
 
Creator Brīvers, Ivars; BA School of Business and Finance
 
Subject —
money; fractional reserve; full-reserve banking; seigniorage; demurrage
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Description The paper deals with the discussion on the alternative ideas on money, created by Silvio Gesell, Frederic Soddy and Karl Ballod. Particularly, the ideas of full-reserve banking, privilege of seigniorage and the principle of demurrage are discussed in the context of possible implementation of these ideas in a future economy. Large part of the paper is library-based, considering and briefly explaining the previously mentioned ideas, and supplementing them with the opinions of the modern economists. The discussion of the possible evolutionary way to implement those ideas is based on the logical analysis and conclusions, derived from the discussions of the author with academicians and financiers. The results lead to the conclusion that these ideas, which may seem unrealistic according the existing paradigm of growth, may turn out to be useful to form the basis of a new monetary and financial system within the new economic paradigm. The paper is an insight into unorthodox proposals on money, which may be useful to specialists and students, investigating monetary and financial systems.
 
Publisher Nicolaus Copernicus University in Toruń
 
Contributor —
 
Date 2015-02-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://apcz.umk.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2014.030
10.12775/EQUIL.2014.030
 
Source Equilibrium; Vol 9, No 4 (2014); 153-162
Equilibrium; Vol 9, No 4 (2014); 153-162
Equilibrium. Equilibrium. Quarterly Journal of Economics and Economic Policy; Vol 9, No 4 (2014); 153-162
2353-3293
1689-765X
 
Language eng
 
Relation http://apcz.umk.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2014.030/5049
 
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