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The Rise of Complementary Currencies and Corporafinance: E-commerce Driven Competition in the Financial Sector

Author

Listed:
  • Adams, Carl

    (University of Portsmouth)

  • Mouatt, Simon

    (Southampton Solent University)

Abstract

This paper explores the potential of corporate monies (including electronic payment systems, non-banks and new forms of money), which we term corporafinance, supported by the capabilities of electronic commerce infrastructures that provides competition in the financial sector. The paper draws upon parallels from the industrial revolution, and the structures that emerged, as well as the evolution of money. The paper then explores complementary currencies and new structures that are emerging within the information revolution. In times of uncertainty within the financial markets complementary currencies and corporafinance may offer a stabilizing effect - even with systemic collapse of the traditional banking sector, electronic monetary activity may still flourish.

Suggested Citation

  • Adams, Carl & Mouatt, Simon, 2010. "The Rise of Complementary Currencies and Corporafinance: E-commerce Driven Competition in the Financial Sector," Journal of Internet Banking and Commerce, , vol. 15(1), pages 01-13, April.
    • Handle: RePEc:ris:joibac:0423
    as

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    More about this item

    Keywords

    Banking sector; Information and communication technology (ICT); Corporafinance; Complementary Currency;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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