Skip to main content Skip to main navigation menu Skip to site footer
  • Register
  • Login
  • Menu
  • Home
  • Journal Information
  • Current
  • Archives
  • Editorial Team
  • Fees
  • Ethics and Policies
  • Submission
  • Register
  • Login

Ekonomia i Prawo. Economics and Law

CURRENCY COMPETITION AND ITS CONSEQUENCES
  • Home
  • /
  • CURRENCY COMPETITION AND ITS CONSEQUENCES
  1. Home /
  2. Archives /
  3. Vol. 6 No. 1 (2010) /
  4. Articles

CURRENCY COMPETITION AND ITS CONSEQUENCES

Authors

  • Paweł Marszałek

DOI:

https://doi.org/10.12775/EiP.2010.010

Abstract

The aim of the paper is to present processes of currency competition in the contemporary economics. The problem is of special importance, because such a competition has recently intensified to a large degree, mainly due to significant changes in monetary systems around the world. Moreover, currency competition is multidimensional process that brings serious consequences for states, their citizens and central banks as well. In the second point definitions of currency competition are presented, as well as its features and dimensions. The third point characterizes the most controversial area of currency competition, namely rivalry between public and private monies, whereas the fourth one – chosen consequences of competition between different monetary units.

References

Bernholz P., The Importance of Reorganizing Money, Credit and Banking when Decentralizing Economic Decisionmaking, w: Economic Reform in China: Problems and Prospects, University of Chicago Press, Chicago 1990.

Borio C. , the Implementation of Monetary Policy in Industrial countries: A Survey, BIS Economic Papers nr 47, Bazylea 1997.

Champ B., Private Money in Our Past, Present and Future, Federal Reserve Bank of Cleveland Economic Commentary, styczeń 2007.

Cohen B. J., Global Currency Rivalry: Can the Euro Ever Challenge the Dollar?, The Third Journal of Common Market Studies – European Union Studies Association Lecture, Global & International Studies Program, paper no. 8, University of California 2003.

Cohen B. J., The Future of Money, Princeton University Press, Princeton-Oxford 2004.

Craig B., Competing Currencies – Back to the Future?, Economic Commentary, Federal Reserve Bank of Cleveland 1996, October, 15.

Dodd N., Globalisation of Money? National Sovereignty and the Management of Risk, w: Nation-States and Money. The past, present and future of national currencies, eds. E. Gilbert, E. Helleiner, Routledge, Londyn-Nowy Jork 2002.

England C., Cyberbanking and Currency Competition, paper presented at “The Future of Money in the Information Age”, Cato Institute’s 14th Annual Monetary Conference, May 23, 1996.

Friedman B. M. , Decoupling at the Margin: the Threat to Monetary Policy from the electronic Revolution in Banking, International Finance 2000, vol. 3(2), s. 261-262).

Friedman B. M. , The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps? International Finance 1999, 2(3) s. 327.

Gilbert E., E. Helleiner, Introduction – Nation-states and money. Historical contexts, interdisciplinary perspectives, w: Nation-States and Money. The past, present and future of national currencies, eds. E. Gilbert, E. Helleiner, Routledge, Londyn-Nowy Jork 2002.

Good B.A., Private Money: Everything Old is New Again, Federal Reserve Bank of Cleveland Economic Commentary, kwiecień 1998.

Hayek F. A., Denationalisation of Money, Institute of Economic Affairs, London 2007.

Helleiener E., Electronic Money: A Challenge to the Sovereign State?, Journal of International Affairs 1998, vol. 51, no. 2.

Helleiner E., The Making of National Money. Territorial Currencies in Historical Perspective, Cornell University Press, Ithaca-Londyn.

Helleiner E., Think Globally, Transact Locally: Green Political Economy and the Local Currency Movement, Global Society 2000, no 14.

Helleiner, E. Conclusion – The Future of National Currencies?, w: Nation-States and Money. The past, present and future of national currencies, eds. E. Gilbert, E. Helleiner, Routledge, Londyn-Nowy Jork 2002.

http://www.mssresearch.org/?q=Local_Currency z dnia 16 października 2009 roku.

Klein B., The Competitive Supply of Money, Journal of Money, Credit&Banking 1974, vol. 6, no. 4.

Kobrin S., Electronic Cash and the End of National Markets, Foreign-Policy 1997, no. 107.

Kroszner R. S., The Conquest of Worldwide Inflation: Currency Competition and Its Implications for Interest Rates and the Yield Curve, Speech given at the Cato Institute’s Monetary Policy Conference, Washington, D.C, November 16, 2006.

Lietaer B., The Future of Money: Creating New Wealth, Work and a Wiser World, Century, London 2001.

Marszałek P., Polityka pieniężna w świetle zmian w popycie na pieniądz i zmian form pieniądza, w: M. Jurek, P. Marszalek, Pieniądz, polityka pieniężna i systemy kursowe. Współczesne teorie i rozwiązania praktyczne, Wydawnictwo AE w Poznaniu, Poznań 2007.

Miller R., W. Michalski, B. Stevens, The Future of Money, w: The Future of Money, OECD, Paryż 2002

Smith V., The Rationale of Central Banking and the Free Banking Alternative, Liberty Press, Indianapolis 1990.

Survey of Electronic Money Dvelopments, Committe on Payment and Settlement Systems, BIS, Bazylea 2001.

Tullock G., Competing Monies, Journal of Money, Credit&Banking 1975, vol. 7, no. 4.

Vaubel R., Currency Competition vs Governmental Money Monopolies, Cato Journal 1986, vol. 5, no. 3.

White L. H., Currency Competition and Consumer-Driven Unificvation, Cato Journal 2003, vol. 23, no. 1.

White L. H., Free Banking in Britain. Theory, Experience and Debate, 1800-1845, 2nd edition, IEA, Londyn 2008.

Willet T. D., K. Banaian, Currency Substitution, Seigniorage and the Choice of Currency Policies,

Wriston W., Dumb Network and Smart Capital, Cato Journal 1998, vol. 17, no. 3

Ekonomia i Prawo. Economics and Law

Downloads

  • PDF (Język Polski)

Published

2010-12-31

How to Cite

1.
MARSZAŁEK, Paweł. CURRENCY COMPETITION AND ITS CONSEQUENCES. Ekonomia i Prawo. Economics and Law. Online. 31 December 2010. Vol. 6, no. 1, pp. 143-156. [Accessed 4 July 2025]. DOI 10.12775/EiP.2010.010.
  • ISO 690
  • ACM
  • ACS
  • APA
  • ABNT
  • Chicago
  • Harvard
  • IEEE
  • MLA
  • Turabian
  • Vancouver
Download Citation
  • Endnote/Zotero/Mendeley (RIS)
  • BibTeX

Issue

Vol. 6 No. 1 (2010)

Section

Articles

Stats

Number of views and downloads: 431
Number of citations: 0

Search

Search

Browse

  • Browse Author Index
  • Issue archive

Information

  • For Readers
  • For Authors
  • For Librarians

User

User

Contact

Principal Contact
Piotr Wiśniewski
psw@umk.pl
Support Contact
Grzegorz Kopcewicz
Phone (56) 611 26 93
greg@umk.pl

cross_check

The journal content is indexed in CrossCheck, the CrossRef initiative to prevent scholarly and professional plagiarism

Up

Akademicka Platforma Czasopism

Najlepsze czasopisma naukowe i akademickie w jednym miejscu

apcz.umk.pl

Partners

  • Akademia Ignatianum w Krakowie
  • Akademickie Towarzystwo Andragogiczne
  • Fundacja Copernicus na rzecz Rozwoju Badań Naukowych
  • Instytut Historii im. Tadeusza Manteuffla Polskiej Akademii Nauk
  • Instytut Kultur Śródziemnomorskich i Orientalnych PAN
  • Instytut Tomistyczny
  • Karmelitański Instytut Duchowości w Krakowie
  • Ministerstwo Kultury i Dziedzictwa Narodowego
  • Państwowa Akademia Nauk Stosowanych w Krośnie
  • Państwowa Akademia Nauk Stosowanych we Włocławku
  • Państwowa Wyższa Szkoła Zawodowa im. Stanisława Pigonia w Krośnie
  • Polska Fundacja Przemysłu Kosmicznego
  • Polskie Towarzystwo Ekonomiczne
  • Polskie Towarzystwo Ludoznawcze
  • Towarzystwo Miłośników Torunia
  • Towarzystwo Naukowe w Toruniu
  • Uniwersytet im. Adama Mickiewicza w Poznaniu
  • Uniwersytet Komisji Edukacji Narodowej w Krakowie
  • Uniwersytet Mikołaja Kopernika
  • Uniwersytet w Białymstoku
  • Uniwersytet Warszawski
  • Wojewódzka Biblioteka Publiczna - Książnica Kopernikańska
  • Wyższe Seminarium Duchowne w Pelplinie / Wydawnictwo Diecezjalne „Bernardinum" w Pelplinie
Ekonomia i Prawo. Economics and Law
Katedra Ekonomii 
Wydział Nauk Ekonomicznych i Zarządzania 
Uniwersytet Mikołaja Kopernika w Toruniu 
ul. Gagarina 13A 
87-100 Toruń

Principal Contact

Piotr Wiśniewski
psw@umk.pl

Support Contact

Grzegorz Kopcewicz
Phone (56) 611 26 93
greg@umk.pl

© 2021- Nicolaus Copernicus University Accessibility statement Shop