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Chiemgauer
Chiemgauer is a regional currency started in 2003 in Prien am Chiemsee, Bavaria, Germany. Named after the Chiemgau, a region around the Chiemsee lake, it is intended to increase local employment, supporting local culture, and make the local food supply more resilient. The Chiemgauer operates with a fixed exchange rate, tied to the value of the euro: 1 Chiemgauer = €1. History In 2003, Christian Gelleri, a high school teacher, started this project with his students, who are in charge of designing and printing vouchers and take care of administration, accounting, advertising, and other tasks. Chiemgauer is a member of a regional currencies' network called Regiogeld (regiomoney association). Gelleri had been inspired by the economists Silvio Gesell and Rudolf Steiner, and by the former's Freigeld. The Chiemgauer is intended for: * Employment creation: unemployed, students, and volunteers are hired to work, earning some allowances * Promotion of cultural, educa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demurrage Currency
Demurrage currency, also known as depreciating money or stamp scrip in its paper money form, is a type of money that is designed to gradually lose purchasing power at a flat constant rate. Unlike traditional money, demurrage is designed to only be a ''temporary'' store of value. Demurrage money functions primarily as a medium of exchange and unit of account. In some cases, demurrage currencies have been employed as emergency currencies, intended to keep the circular flow of income running throughout the economy during recessions and times of war, due to their faster circulation velocities. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. The German-Argentine economist, Silvio Gesell, advocated for demurrage currency as part of the Freiwirtschaft economic system. He referred to demurrage as '' Freigeld'' 'free money' — "free" because it would be freed from hoarding and interest. Gesell theorized that Freigeld ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currencies
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency – is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency – a complementary currency used by a group with a common bond, such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urstromtaler
The Urstromtaler is a community currency being used in the landlocked states Brandenburg and Saxony-Anhalt side by side with the euro. It equates one-to-one with euro in value and is accepted by several local shops and businesses. The supporters argue that this helps by promoting local business especially for the small local shops that have to compete against corporate supermarkets and chain stores. There are 22 other regional currencies that have sprung up in Germany. Sometimes it is argued that Regiogeld is illegal, but most academics tend to see Regiogeld as a legal and welcome route to adapt regional economies to globalisation. See also *Chiemgauer Chiemgauer is a regional currency started in 2003 in Prien am Chiemsee, Bavaria, Germany. Named after the Chiemgau, a region around the Chiemsee lake, it is intended to increase local employment, supporting local culture, and make the local fo ... References {{Germany-stub Local currencies Currencies of Germany ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Complementary Currencies
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrip
A scrip (or ''wikt:chit#Etymology 3, chit'' in India) is any substitute for legal tender. It is often a form of credit (finance), credit. Scrips have been created and used for a variety of reasons, including exploitative payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or military occupation, occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prien Am Chiemsee
Prien am Chiemsee (official: , High German [], Bavarian (local) dialect []) is a municipality in the Upper Bavarian Rosenheim (district), district of Rosenheim in Germany. The town is a certified Luftkurort, air and Sebastian Kneipp, Kneipp spa on the western shore of the lake of Chiemsee, east of Rosenheim. The name of Prien is derived from the Celtic denomination of the river Prien (''Brigenna,'' 'coming from the mountains'). Geography Neighborhoods The political municipality of Prien am Chiemsee has 36 official neighborhoods: Transport Prien is on the main rail line between Munich and Salzburg. Two branch lines originate at the Prien station. The Chiemgau Railway is a line extending into the foothills of the Alps at Aschau im Chiemgau; it is served by diesel multiple units. The Chiemsee-Bahn is a narrow-gauge steam-operated seasonal tourist line connecting the Prien station with Lake Chiem at Prien-Stock. From there boats operate to Herreninsel in the lake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Traunstein
Traunstein (; ) is a Town#Germany, town in the south-eastern part of Bavaria, Germany, and is the administrative center of a much larger Traunstein (district), district of the same name. The town serves as a local government, retail, health services, transport and educational center for the wider district. The historic market square, Bavarian hospitality, Hofbräuhaus Traunstein, local breweries, outdoor sports facilities, Easter Monday horse parade, and connections with Benedict XVI, Pope Emeritus Benedict XVI, contribute to the town's profile as a tourist destination. Geography The town is situated at the heart of a region called Chiemgau, approximately 11 km east of the Chiemsee between Munich and Salzburg, 15 km north of the Alps, and 30 km west of Salzburg. History Early history Although as early as 790 the church records list possessions "ad Trun" and some medieval defence constructions are known to have existed in the surroundings since the 10th century ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wörgl
Wörgl () is a city in the Austrian state of Tyrol, in the Kufstein district. It is from the international border with Bavaria, Germany. Population Transport Wörgl is a railway junction in the line between Innsbruck and Munich, as well as the inner-Austrian line to Salzburg. Its railway station has been designated as a ''Hauptbahnhof'' () since 10 December 2006. European route E641 connects Wörgl with Salzburg. The E45 and E60 routes (Austrian autobahn A12) pass through Wörgl. File:Bahnhof Wörgl alt.jpg, Wörgl railway station in 1900 File:Wörgl Gare 1965.jpg, Wörgl railway station in 1965 History The Wörgl Experiment Wörgl was the site of the "Miracle of Wörgl", beginning on 31 July 1932 during the Great Depression. Beginning with the issuing of "Certified Compensation Bills", a form of local currency commonly known as Stamp Scrip or Freigeld. This was an application of the monetary theories of the economist Silvio Gesell by the town's then-mayor, . The ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WIR Bank
The WIR Bank, formerly the Swiss Economic Circle (German: ''Wirtschaftsring-Genossenschaft''), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR franc, which is used in combination with the Swiss franc to generate dual-currency transactions. System The WIR franc is an electronic currency reflected in clients' trade accounts and so there is no paper money. The intentions of starting were in increased sales, cash flow and profits for a qualified participant. WIR created a credit system which issues credit, in WIR francs, to its members. The credit lines are secured by members pledging assets which ensures that the currency is asset-backed. When two members enter into a transaction with both Swiss francs and WIR francs it reduces the amount of cash needed by the buyer; the seller does not discount it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BerkShares
BerkShares is a local currency that circulates in The Berkshires region of Massachusetts. It was launched on September 29, 2006 by BerkShares Inc., with research and development assistance from the Schumacher Center for a New Economics. The BerkShares website lists around 400 businesses in Berkshire County that accept the currency. Since launch, over 10 million BerkShares have been issued from participating branch offices of local banks (as of February 2020, nine branches of three different banks). The bills were designed by John Isaacs and were printed by Excelsior Printing on special paper with incorporated security features from Crane & Co. BerkShares are pegged with an exchange rate to the US dollar, but the Schumacher Center has discussed the possibility of pegging its value to a basket of local goods in order to insulate the local economy against volatility in the US economy. Use BerkShares are a local currency designed and issued for the Berkshire region of Massachusett ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Velocity Of Money
image:M3 Velocity in the US.png, 300px, Similar chart showing the logged velocity (green) of a broader measure of money M3 that covers M2 plus large institutional deposits. The US no longer publishes official M3 measures, so the chart only runs through 2005. Employment again shown in blue, recessions as grey bars. The velocity of money measures the number of times that one unit of currency is used to purchase goods and services within a given time period. In other words, it represents how many times per period money is changing hands, or is circulating to other owners in return for valuable goods and services. The concept relates the size of economic activity to a given money supply. The speed of money exchange is one of the variables that determine inflation. The measure of the velocity of money is usually the ratio of a country's or an economy's nominal gross national product (GNP) to its money supply. If the velocity of money is increasing, then transactions are occurring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
