Author
Abstract
Defining a Monetary Topology : A framework for evaluating and comparing diverse monetary systems In a world facing complex social and environmental challenges, innovative approaches to monetary systems are essential. Our group, motivated by a concern for both society and ecology, developed the concept of "monetary topology" to evaluate and compare various monetary systems. This framework focuses on six key themes: legislator, institution, emission rules, conditionality of uses, coinage rules, and the system's operating properties, along with its societal and ecological consequences. Each theme contains objective evaluation characteristics, offering a detailed analysis of any monetary proposal. Monetary topology provides a holistic approach, evaluating the entire structure and impact of a monetary system. It allows for systematic comparison, identifying strengths, weaknesses, and areas of applicability across different systems. This approach helps policymakers, economists, and community leaders make informed decisions that align with societal and ecological goals. The tool we designed is structured around these six domains, with each characteristic assessed from monetary, social, and ecological perspectives. This multidimensional framework delivers a comprehensive assessment of each system, providing a functional method for describing and comparing monetary systems, answering critical questions such as who controls the system, how it operates, and its purpose. Aligned with the principles of RAMICS, our group aims to explore innovative monetary solutions that address pressing societal and environmental issues. Monetary topology is a powerful tool in this endeavor, providing a structured framework for evaluating, understanding, and improving monetary systems. In conclusion, monetary topology offers a fresh, comprehensive way to assess monetary systems, enabling us to transcend traditional boundaries and design systems that better serve both communities and the planet.
Suggested Citation
Pierre Delandre & Philippe Derruder & Fabien Fert & Ariane Tichit, 2024.
"Towards a Topology of Monetary Systems A Comprehensive Analysis and Framework,"
Post-Print
hal-04773860, HAL.
Handle:
RePEc:hal:journl:hal-04773860
Note: View the original document on HAL open archive server: https://hal.science/hal-04773860v1
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