Bernard Lietaer

Bernard A. Lietaer (* 1942 in Lauwe ) is a Belgian financial expert who is known for his promotion of complementary currencies.

Biography

In the academic field, he worked from 1975 to 1978 and from 1983 to 1986 as an Assistant Professor of International Finance at the University of Leuven. From 1992 to 1998 he taught as a visiting professor at Sonoma State University archetypal psychology from 2003 to 2006, he built a Visiting Scholar at Naropa University in Boulder (Colorado) the local Marpa Center for Business and Economics on.

Bernard Lietaer was a senior executive at the Belgian central bank and is responsible for the introduction of the ECU, the convergence mechanism that led to the single European currency.

In his role as managing director and one of the most successful currency trader offshore Monetary Fund in the years 1989-1992 named him Business Week for top world currency traders.

He was an advisor to multinational corporations such as by governments in developing countries and president of an electronic payment system.

He is currently a Research Fellow at the Center for Sustainable Resources of the University of California at Berkeley.

Positions and works

Lietaer has proposed a Terra -called future world currency. He goes into his books intensively on the concept of a demurrage of money.

On the occasion of the financial crisis starting in 2007, he commented on the reasons analyzed the situation and showed possible solutions. In addition to a number of symptoms such as greed, especially the current financial system is too efficient.

Bank regulation were to be politically motivated and only part of a cat and mouse game that there was since the 17th century, since the banks the monopoly has been given to the creation of money. The prevention of a collapse of the economic process were correct, however, do not prevent dangers of economic stagnation that threaten the basis of balance sheet adjustments. Furthermore, would the process of concentration in the banking sector increase, so big swallow smaller institutions. This would increase future costs, they should get in trouble.

Here, the efficiency of the entire banking system would increase more and more, however, hence the instability. The load capacity is important, therefore, what might be modeled mathematically only since recently. Following the model of nature that it should therefore increase the diversity and networking, especially in the monetary system. The monopoly of the national currency is therefore in the way, and free money with complementary currencies a way to sustainability. Regional currencies would therefore connect unused resources with unmet needs and connect to the economic cycle. Such a system, where companies create their own money, would help in Switzerland with the WIR system to the economic stability of Switzerland and work.

Publications

• Short-term Planning Models. In: Studies in Management Science and Systems. Volume 2 North Holland Publishing Co., 1975
• Europe Latin America the multinationals. A Positive Sum Game for the Exchange of Raw Materials and Technology in the 1980s. Saxon House, London 1979, ISBN 0566002213
• The Future of Money: Creating New Wealth, Work and a Wiser World. Random House, London 2001, ISBN 0712699910 The Future of Money. About the destructive effect of the existing monetary system and development of complementary currencies. Riemann, Munich 1999, ISBN 3-570-50008- X Website for German-language edition in the Internet Archive
• Review by Werner H. Heussinger on holis.org ( Internet Archive )

• Ways to deal with systemic banking crises

• Website of the book

• Book website for full text