Complementary currency and its impact on the economy

Abstract: The paper aims to show the impact that a complementary currency may have on a national economy from a theoretical point of view. A system dynamics model is created to describe the mechanics of money issuance in capitalist economies as well as in economies where there is no inside money. As...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: Groppa, Octavio
Formato: Artículo
Lenguaje:Inglés
Inglés
Publicado: 2019
Materias:
POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/2308
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139123456789-2308
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
Inglés
topic POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
spellingShingle POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
Groppa, Octavio
Complementary currency and its impact on the economy
topic_facet POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
description Abstract: The paper aims to show the impact that a complementary currency may have on a national economy from a theoretical point of view. A system dynamics model is created to describe the mechanics of money issuance in capitalist economies as well as in economies where there is no inside money. As an example, the ;irst outcomes of a barter network implemented in 2008 by the STRO foundation in El Salvador (called Punto Transacciones) are presented and analyzed. Finally, using data from a complementary currency experience in El Salvador the spending mul-­‐ tiplier is calculated. The main result shows that there is a greater spending multiplier in digital community currencies systems than in regular money market. Although the magnitude of PT network is still negligible from a macroeconomic point of view, the result is a desired outcome which may help to cushion the impact of macroeconomic shocks on labour market, contributing to stabilize aggregate demand.
format Artículo
author Groppa, Octavio
author_facet Groppa, Octavio
author_sort Groppa, Octavio
title Complementary currency and its impact on the economy
title_short Complementary currency and its impact on the economy
title_full Complementary currency and its impact on the economy
title_fullStr Complementary currency and its impact on the economy
title_full_unstemmed Complementary currency and its impact on the economy
title_sort complementary currency and its impact on the economy
publishDate 2019
url https://repositorio.uca.edu.ar/handle/123456789/2308
work_keys_str_mv AT groppaoctavio complementarycurrencyanditsimpactontheeconomy
bdutipo_str Repositorios
_version_ 1764820526251900930

Ejemplares similares