Money and Participatory Governance: A review of the literature

Abstract

This paper provides an overview and discussion of several important approaches to the governance of monetary systems in the light of the extent to which all stakeholders have full input into monetary decision-making processes. Currency scale and various approaches to monetary governance are explored, identifying a number of key limitations with previous approaches and highlighting the need for a modified conceptual and theoretical framework for exploring the potential of small scale currency institutions to allow greater participatory monetary decision-making.