R-economy

= a monetary system using nominative digital money (account entries that are accessed through telematic means), which is created free of interest in order to nourish the production economy, allowing us to build a non-speculative real economy. [1]

Discussion

Susana Martín Belmonte:

"This proposal is explained in detail in my book Nada está perdido. Un sistema monetario y financiero alternativo y sano (Icaria, 2011) [Nothing is lost: An alternative, healthy monetary and financial system].

Other initiatives propose monetary reform via the creation of parallel or complementary currencies. In 2012, Thomas Mayer, former chief economist of Deutsche Bank, proposed creating a parallel monetary system to solve the problems affecting peripheral countries in the European Union. His proposal for Greece, specifically, is a parallel currency called GEURO, which is explained on page 65 of this document published by the BVMW (German small and medium-sized business association).

Several economists, including Thomas Mayer, have signed a declaration in which they defend the creation of parallel or complementary currencies as the solution to problems facing troubled economies in the euro zone. But this trend is not just the result of monetary problems in the euro zone. Alternative currencies have traditionally provided a solution in times of monetary scarcity. In Switzerland, there is a currency called Wir, which has been operating since 1934, when a group of Swiss business owners launched it as a way to fight the Great Depression. Today it is used by over 60,000 local small and medium-sized businesses. There are studies that attribute the stability of the Swiss production economy to this currency.

Brazil’s central bank decided to support the creation of complementary currencies, after realizing the beneficial effects of a social currency created by an association in the region of Fortaleza, later named Banco Palmas. The city of Bristol in the UK has also launched a parallel currency called the Bristol Pound. The mayor of Bristol opted for receiving 100% of his salary in this currency." (http://guerrillatranslation.com/2014/06/10/financial-crisis-or-monetary-crisis/)