Munich Personal RePEc Archive

Barter System Signals Harmony in Causality

Toncheva, Rossitsa (2013): Barter System Signals Harmony in Causality. Published in: The Aftercrisis Financial Marasmus in Europe and Bulgaria , Vol. 1, No. 4th International Scientific Conference (2014): pp. 34-37.

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Abstract

"Is there money involvement in seemingly pure barter transactions?" or “Will we came back to "penniless" exchange?” The answer is looking into our concept about barter according to our concept of money. Refracted through the corporate paradigm, the barter system is an economic group. Relationships within the group correspond to the free economy paradigm /pure market economy/. Some financial features occur in pure form in the barter system. Relationships of this kind include: income, the barter money, issuance activity, clearing, currency exchange issues, interest-free loans, issues of risk management, cost of capital, return, budgetary planning and their management, value assessment, capital needs issues, restructuring, public finance etc. Whether and how the barter system can show sustainability and reliability, and what defines its performance can be studied by applying principles of corporate finance throughout the usual understanding of trade linkages.

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