Complementary currency and its impact on the economy

Autores
Groppa, Octavio
Año de publicación
2013
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Fil: Groppa, Octavio. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi; Argentina
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.
Fuente
International Journal of Community Currency Research, Vol. 17, 2013
Materia
POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
Repositorio Institucional (UCA)
Institución
Pontificia Universidad Católica Argentina
OAI Identificador
oai:ucacris:123456789/2308
Acceder
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oai_identifier_str oai:ucacris:123456789/2308
network_acronym_str RIUCA
repository_id_str 2585
network_name_str Repositorio Institucional (UCA)
spelling Complementary currency and its impact on the economyGroppa, OctavioPOLITICA MONETARIASISTEMA ECONOMICOCAPITALISMOFil: Groppa, Octavio. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi; ArgentinaAbstract: 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.2013info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttps://repositorio.uca.edu.ar/handle/123456789/2308Groppa, O. (2013). Complementary currency and its impact on the economy [en línea]. En International Journal of Community Currency Research 17. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2308International Journal of Community Currency Research, Vol. 17, 2013reponame:Repositorio Institucional (UCA)instname:Pontificia Universidad Católica Argentinaengenginfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/4.0/2025-11-27T10:18:56Zoai:ucacris:123456789/2308instacron:UCAInstitucionalhttps://repositorio.uca.edu.ar/Universidad privadaNo correspondehttps://repositorio.uca.edu.ar/oaiclaudia_fernandez@uca.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:25852025-11-27 10:18:56.553Repositorio Institucional (UCA) - Pontificia Universidad Católica Argentinafalse
dc.title.none.fl_str_mv Complementary currency and its impact on the economy
title Complementary currency and its impact on the economy
spellingShingle Complementary currency and its impact on the economy
Groppa, Octavio
POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
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
dc.creator.none.fl_str_mv Groppa, Octavio
author Groppa, Octavio
author_facet Groppa, Octavio
author_role author
dc.subject.none.fl_str_mv POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
topic POLITICA MONETARIA
SISTEMA ECONOMICO
CAPITALISMO
dc.description.none.fl_txt_mv Fil: Groppa, Octavio. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi; Argentina
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.
description Fil: Groppa, Octavio. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi; Argentina
publishDate 2013
dc.date.none.fl_str_mv 2013
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://repositorio.uca.edu.ar/handle/123456789/2308
Groppa, O. (2013). Complementary currency and its impact on the economy [en línea]. En International Journal of Community Currency Research 17. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2308
url https://repositorio.uca.edu.ar/handle/123456789/2308
identifier_str_mv Groppa, O. (2013). Complementary currency and its impact on the economy [en línea]. En International Journal of Community Currency Research 17. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2308
dc.language.none.fl_str_mv eng
eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv International Journal of Community Currency Research, Vol. 17, 2013
reponame:Repositorio Institucional (UCA)
instname:Pontificia Universidad Católica Argentina
reponame_str Repositorio Institucional (UCA)
collection Repositorio Institucional (UCA)
instname_str Pontificia Universidad Católica Argentina
repository.name.fl_str_mv Repositorio Institucional (UCA) - Pontificia Universidad Católica Argentina
repository.mail.fl_str_mv claudia_fernandez@uca.edu.ar
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score 12.50043

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