Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19672| Title: | Regionalwährungen in Deutschland: Lokale Konkurrenz für den Euro? |
| Keywords: | E50 E42 E41 E40 ddc:330 Regionalwährungen Regionalgeld Parallelgeld Gesell Währungssubstitution Schwundgeld Freigeld currency substitution private money Währungswettbewerb Freiwirtschaft Wohlfahrtseffekt Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Description: | In a surprisingly growing number of regions in Germany private "regional currencies" are issued as a cash substitute for the euro. Currently, these regional currencies are conceived almost exclusively as Schwundgeld (depreciative currency), which loses value on a predetermined timescale. This loss of value is intended to encourage the money owners to spend their money quickly in order to boost local demand. The paper shows that the issuance of unofficial parallel currencies is not a fundamentally new phenomenon neither in Germany nor in other European countries. The theoretical assumptions of the Schwundgeld concept (Silvio Gesell (1862 – 1930)) are highly flawed and suboptimal from a welfare-theoretical perspective. However, the current economic welfare losses resulting from the issuance of Schwundgeld are negligibly small. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19672 |
| Other Identifiers: | http://hdl.handle.net/10419/19672 ppn:521622425 RePEc:zbw:bubdp1:5171 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.