LOCAL MONEY

ZSUZSANNA DEÁK, ÁRPÁD FERENCZ

Abstract


In our work we present various examples for the use of local currency. We introduce the use and economic characteristics of local currencies. Why do we need community money, what is its role in the economy, and what are the conditions for its adoption? First, we present some foreign practices of using local currency such as the Itaca Hour, the Chiemgauer or the Urstromtaler. Next, the characteristics and specifics of some Hungarian examples, the Bocskai Korona, the Sopron Kékfrank and and the Balaton Korona are described. Lastly we present some selected results of a questionnaire conducted in Hungarian cities about the willingness of the population to adopt a local currency. We find that the younger generation is more susceptible to the introduction of a local currency and to supporting local businesses.


Keywords


money surrogates; local products

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References


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Copyright (c) 2017 Zsuzsanna Deák

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This work is licensed under a Creative Commons Attribution 4.0 International License.

LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

E-mail: tabitaadamov2003 [at] yahoo.com
Phone: +40-256-277439, Fax.: +40-256-277031