A proposal for an interest-free monetary system dedicated to the real economy

Samo  Kavčič; Georgina Gomez

doi:10.1016/B978-0-44-313776-1.00229-4

A proposal for an interest-free monetary system dedicated to the real economy

Samo Kavčič, Georgina Gomez

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Abstract

The Komoko Monetary System (KMS) is a proposal for a universal and decentralized monetary system. KMS follows a mutual credit model and poses an alternative to the current fractional reserve banking. It draws on three strands of economic thought: mutual credit; a thoroughly disaggregated version of the quantity theory of money; and the paradox of monetary profits. KMS is characterized by a monetary division between real and financial flows, and increased incentives toward currency circulation. KMS supports the creation of an equitable and stable economy within growth or de-growth scenarios.

Original language	English
Number of pages	8
Journal	Reference Module in Social Sciences (Elsevier Reference Collection in Social Sciences)
DOIs	https://doi.org/10.1016/B978-0-44-313776-1.00229-4
Publication status	Published - 2024

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https://doi.org/10.1016/B978-0-44-313776-1.00229-4

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Cite this

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abstract = "The Komoko Monetary System (KMS) is a proposal for a universal and decentralized monetary system. KMS follows a mutual credit model and poses an alternative to the current fractional reserve banking. It draws on three strands of economic thought: mutual credit; a thoroughly disaggregated version of the quantity theory of money; and the paradox of monetary profits. KMS is characterized by a monetary division between real and financial flows, and increased incentives toward currency circulation. KMS supports the creation of an equitable and stable economy within growth or de-growth scenarios.",

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A proposal for an interest-free monetary system dedicated to the real economy

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