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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Local currencies, theory and practice
 Klusák, Václav ; Zajíček, Miroslav (advisor) ; Ježek, Tomáš (referee)
The thesis is focused on local currencies. In response to the current economic crisis, there is a renaissance of interest in the local currencies round the world. The local currency is seen as a useful tool for promoting economic growth. In this work, we concluded that their success is conditioned by several factors. The German local currency Chiemgauer was studied as it serves as an example for other local currencies. I described the Czech relevant discourse and proposed terminology. Further, I presented an overview of complementary currencies in the Czech Republic. The planned local currency of the town of Uvaly (which should be the first genuine local currency in the Czech Republic) was analyzed. Based on the calculated local multiplier I identified potential for a successful role of this forthcoming local currency.
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Lokální měny - pro či proticyklické?
 Tomány, Lubomír ; Mičúch, Marek (advisor) ; Svoboda, Miroslav (referee)
This work focuses on local (complementary) currencies. Their usage and appearance throughout history indicate counter-cyclicity with Great Depression and Argentine recession in 2002 as leading examples. Also previous research of Stodder (2009) proved counter-cyclicity in usage of Swiss complementary currency WIR. However, USA at the beginning of 90' and Germany after year 2000 experienced new wave of local currencies without being accompanied by any severe crisis. Have they become pro-cyclical? I tried to answer this question empirically with simple econometric model using macroeconomic indicators as explanatory variables. Results showed that number of new local currencies is in Germany pro-cyclical which supports previous works about regional distribution of currencies in Germany. Results from USA are inconclusive but indicate rather counter-cyclicity. In both countries was proved positive correlation with amount of already working currencies.
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