@conference {2057,
	title = {100\% Money and Vollgeld, no Solution for a Stationary Economy},
	booktitle = {Fourth International Conference on Degrowth for Ecological Sustainability and Social Equity},
	year = {2014},
	address = {Leipzig},
	abstract = {<p>In the post-growth debate a rising number of authors advocate for monetary reforms, which intention is to prevent banks from deposit creation and establishes the central bank as the sole issuer of money. This paper examines the expected macroeconomic consequences and reviews the proclaimed benefits. In the analysis, I consider especially the assertions of authors, who argue that such reforms can smooth the way to a post growth economy regarding to following benefits: reduction of growth imperatives, prevention from destructive credit cycles, reduction of public debt and more public funds for financing ecological investments. I detect deficient growth imperative hypotheses and assess the reforms on the basis of some more elaborated and consistent growth imperative theories. Analyzing from a Monetary Keynesian perspective, the study shows that these reforms leads to a higher interest rate level and therefore thwart the intended benefits to develop a stationary state compatible monetary system. 149 words Keywords: Vollgeld, 100\% Money, Growth Imperative, Monetary Policy, Monetary System</p>},
	author = {Benedikt Weihmayr}
}
