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Home >> Society >> Organizations >> Local Currency Systems |
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Around economics, a local currency occurs as currency not backed by the national government, & arranged to trade lone within a little locality. These currencies come as well known as community currency.
Complementary currency is a hyponym to local currency but a terms come typically utilized when equivalent word. Advocates like Jane Jacobs argue that this enables an economically cool yet depressed vicinity to pull itself higher, by yielding the population residing there the medium of exchange that it may utilise to exchange services & locally-produced goods (Within a broader feel, this is the original purpose of 100% money.) Opponents of this concept argue that local currency creates the barrier which might interfere using economies of scale and comparative advantage, and that around a select few shells it could help as a means of tax evasion. Local currencies can likewise inherit existence whilst there exists economic turmoil involving a national currency. An lesson of this is the Argentine economic crisis of 2002 in which IOUs issued by local governments quickly took on a few of the characteristics of local currencies.
Modern Local Currencies
Historical Local Currencies
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The New Alchemists by David Boyle From Resurgence Magazine. The local currency revolution means new kinds of money which are kinder to the planet. Community Currencies in Asia, Africa and Latin America Information about community currency projects in the majority-world, and resources for starting your own local currency system Transaction Net Contains information about alternative currency, local currency systems, and LETS. Complementary Currency Resource Center Resources for LETS and other complementary currency systems. Towards an understanding of the Global Market System Back to basics. Some elementary definitions of economics. |
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