The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System
For decades, complementary monetary systems (CMSs) and open innovation in the local area have coexisted alongside official currencies. Today, when it is most necessary to innovate and act locally to solve global problems, it is appropriate to increase the usefulness of financial instruments, such as...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2020-11-01
|
| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/6/4/141 |
| _version_ | 1797668977961336832 |
|---|---|
| author | Alexandra Lenis Escobar Ramón Rueda López Miguel Ángel Solano-Sánchez María de los Baños García-Moreno García |
| author_facet | Alexandra Lenis Escobar Ramón Rueda López Miguel Ángel Solano-Sánchez María de los Baños García-Moreno García |
| author_sort | Alexandra Lenis Escobar |
| collection | DOAJ |
| description | For decades, complementary monetary systems (CMSs) and open innovation in the local area have coexisted alongside official currencies. Today, when it is most necessary to innovate and act locally to solve global problems, it is appropriate to increase the usefulness of financial instruments, such as social and complementary currencies, which can contribute to building more sustainable and resilient cities and thus achieve the Sustainable Development Goals (SDGs). This research, through a synthetic analysis, contributes to the scientific debate on the usefulness of the CMSs. It examines the practical way in which these instruments can be used to innovate in local financial systems as elements capable of promoting and dynamizing the economic and social relations of a locality. |
| first_indexed | 2024-03-11T20:37:26Z |
| format | Article |
| id | doaj.art-84785fd0b0644a2c9e6c741e0cd823f7 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T20:37:26Z |
| publishDate | 2020-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-84785fd0b0644a2c9e6c741e0cd823f72023-10-02T05:11:23ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312020-11-01614114110.3390/joitmc6040141The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial SystemAlexandra Lenis Escobar0Ramón Rueda López1Miguel Ángel Solano-Sánchez2María de los Baños García-Moreno García3Grupo de Investigación SEJ-588 Economía del Turismo, de la Cultura y del Deporte, University of Cordoba (UCO), 14071 Córdoba, SpainDepartment of Statistic, Econometrics, Operational Research, Business Organization and Applied Economics, University of Cordoba, 14071 Córdoba, SpainDepartment of Statistic, Econometrics, Operational Research, Business Organization and Applied Economics, University of Cordoba, 14071 Córdoba, SpainDepartment of Statistic, Econometrics, Operational Research, Business Organization and Applied Economics, University of Cordoba, 14071 Córdoba, SpainFor decades, complementary monetary systems (CMSs) and open innovation in the local area have coexisted alongside official currencies. Today, when it is most necessary to innovate and act locally to solve global problems, it is appropriate to increase the usefulness of financial instruments, such as social and complementary currencies, which can contribute to building more sustainable and resilient cities and thus achieve the Sustainable Development Goals (SDGs). This research, through a synthetic analysis, contributes to the scientific debate on the usefulness of the CMSs. It examines the practical way in which these instruments can be used to innovate in local financial systems as elements capable of promoting and dynamizing the economic and social relations of a locality.https://www.mdpi.com/2199-8531/6/4/141complementary monetary systemsinnovationlocal areacitiesurban resiliencesustainable local development |
| spellingShingle | Alexandra Lenis Escobar Ramón Rueda López Miguel Ángel Solano-Sánchez María de los Baños García-Moreno García The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System Journal of Open Innovation: Technology, Market and Complexity complementary monetary systems innovation local area cities urban resilience sustainable local development |
| title | The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System |
| title_full | The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System |
| title_fullStr | The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System |
| title_full_unstemmed | The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System |
| title_short | The Role of Complementary Monetary System as an Instrument to Innovate the Local Financial System |
| title_sort | role of complementary monetary system as an instrument to innovate the local financial system |
| topic | complementary monetary systems innovation local area cities urban resilience sustainable local development |
| url | https://www.mdpi.com/2199-8531/6/4/141 |
| work_keys_str_mv | AT alexandralenisescobar theroleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT ramonruedalopez theroleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT miguelangelsolanosanchez theroleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT mariadelosbanosgarciamorenogarcia theroleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT alexandralenisescobar roleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT ramonruedalopez roleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT miguelangelsolanosanchez roleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem AT mariadelosbanosgarciamorenogarcia roleofcomplementarymonetarysystemasaninstrumenttoinnovatethelocalfinancialsystem |