Complementary currency as an instrument for economic development in the western Balkans

Ela Golemi; Klodian Muço

doi:10.5771/1435-2869-2020-1-77

Contents
- Chapter Expand | CollapseAuthorsPage
- 1–2 Titelei/Inhaltsverzeichnis 1–2
- 3–6 Editorial 3–6
- 7–18 Continuous transition: The growing crisis in the western Balkans and the role of the EU Jens Becker Jens Becker 7–18
- 19–30 Notification of occupational diseases in the Republic of Croatia: the impact of COVID-19 Cvetan Kovač, Ivana Krišto, Ana Šijaković Cvetan Kovač, Ivana Krišto, Ana Šijaković 19–30
- 31–38 The impacts of COVID-19 on the world of work in Turkey Arzu Çerkezoğlu Arzu Çerkezoğlu 31–38
- 39–58 Montenegro’s accession to the European Union: Possible consequences of the free movement of persons for the Montenegrin social security system Frederic De Wispelaere, Gabriella Berki, Snjezana Balokovic Frederic De Wispelaere, Gabriella Berki, Snjezana Balokovic 39–58
- 59–76 Fair pay in eastern Europe – The continuing challenge of poverty wages Evelyn Astor Evelyn Astor 59–76
- 77–90 Complementary currency as an instrument for economic development in the western Balkans Ela Golemi, Klodian Muço Ela Golemi, Klodian Muço 77–90
- 91–108 Can the issue of corruption be solved? An analysis of corruption in the Balkans and potential solutions Fabian Teichmann, Marie-Christin Falker Fabian Teichmann, Marie-Christin Falker 91–108
- 109–126 Sanctions against Russia: implications, prospects and circumvention Fabian Teichmann, Marie-Christin Falker Fabian Teichmann, Marie-Christin Falker 109–126
- 127–136 The impact of the European Court of Justice on the principle of proportionality Marsida Feshti, Jurgen Golemi Marsida Feshti, Jurgen Golemi 127–136
- 137–139 About the Authors 137–139
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SEER Journal for Labour and Social Affairs in Eastern Europe , page 77 - 90

Complementary currency as an instrument for economic development in the western Balkans

Autoren

Ela Golemi Klodian Muço

DOI
- doi.org/10.5771/1435-2869-2020-1-77
- ISSN: 1435-2869
- ISSN online: 2942-3384
Abstract

Regional economic integration is regarded as a priority task for western Balkans countries in order to prepare them for integration into the European Union. Given the under-performance between these countries in terms of trade, we propose the creation of a complementary supranational currency that would serve the common market of the western Balkans and also intensify trade exchanges between them. We support the idea that structural reforms and the technical provisions proposed in this adopted Keynes Plan may, at least in principle, provide the necessary solutions to avoid imbalances between the countries; serve as an incentive to intensify trade exchanges; and curb inflationary and deflationary pressures in the joint western Balkans market. Our research makes a solid contribution to the debate on international monetary systems. We believe that a complementary currency would make regional integration more effective within the western Balkans but, furthermore, would also call into question the international monetary system were it to be as effective in practice as we think it would be.
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