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The visible and the invisible. On monetary plurality in the contemporary monetary regimes
[Le visible et l'invisible : de la pluralité monétaire dans les régimes monétaires contemporains]

Author

Listed:
  • Jérôme Blanc

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • Bruno Théret

    (Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, IRISSO - Institut de Recherche Interdisciplinaire en Sciences Sociales - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

This paper investigates the types of institutionalization of monetary plurality. It differentiates the legal and the ethical components of this institutionalization. It establishes that contemporary monetary systems are regimes of monetary unicity that rest on a working fiction that makes institutionalized plurality invisible. Chartalism appear to be a doctrine that fuels this working fiction. The paper studies elements of monetary plurality at work in those regimes of unicity. It also presents the constitutive elements of plurality regimes and discusses two ideal- types of them: free banking and monetary federalism.

Suggested Citation

  • Jérôme Blanc & Bruno Théret, 2024. "The visible and the invisible. On monetary plurality in the contemporary monetary regimes [Le visible et l'invisible : de la pluralité monétaire dans les régimes monétaires contemporains]," Post-Print halshs-04848818, HAL.
    • Handle: RePEc:hal:journl:halshs-04848818
    DOI: 10.3917/rfse.033.0041
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04848818v1
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