Abstract
Complementary money and payment systems are born out of an aversion to the phenomenon of interest or from a desire to increase spending and employment in a region, further social cohesion, remedy a lack of trade credit or steer clear of the conventional bank system and government supervision. The aversion to interest does not seem to be well-founded, but the other ends could conceivably be achieved by complementary systems. However, they often founder on practical obstacles or on contradictions and as yet there is slim chance that they will replace the conventional system to any appreciable degree.
Original language | Dutch |
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Pages (from-to) | 234-237 |
Number of pages | 4 |
Journal | Economisch Statistische Berichten |
Volume | 99 |
Issue number | 4683 |
Publication status | Published - 2014 |