I'm interested in what forms of value (as opposed to the "anti-value" issued by banks) are capable of crossing borders and what forms of value are naturally bound domestically.
I'm interested in how Mahathir put two fingers up to the global financial system - imposing restrictions on the movement of capital out of Malaysia - and thereby saving his currency form the "locusts".
And much more. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
It has on page 13 (of PDF) a section on Currency Substitution. Rutherfordian ------------------------------ RDRutherford