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http://hdl.handle.net/10419/19672
  

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dc.contributor.authorRösl, Gerharden_US
dc.date.accessioned2009-01-28T16:01:54Z-
dc.date.available2009-01-28T16:01:54Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19672-
dc.description.abstractIn 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.en_US
dc.language.isogeren_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,43en_US
dc.subject.jelE50en_US
dc.subject.jelE42en_US
dc.subject.jelE41en_US
dc.subject.jelE40en_US
dc.subject.ddc330en_US
dc.subject.keywordRegionalwährungenen_US
dc.subject.keywordRegionalgelden_US
dc.subject.keywordParallelgelden_US
dc.subject.keywordGesellen_US
dc.subject.keywordWährungssubstitutionen_US
dc.subject.keywordSchwundgelden_US
dc.subject.keywordFreigelden_US
dc.subject.keywordcurrency substitutionen_US
dc.subject.keywordprivate moneyen_US
dc.subject.stwWährungswettbewerben_US
dc.subject.stwFreiwirtschaften_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleRegionalwährungen in Deutschland: Lokale Konkurrenz für den Euro?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn521622425en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:5171-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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