Parallel Economic Model
Parallel Economic Model (PEM) is a theoretical dual economy model meant for use used within a State or Province of a larger nation-state. Description Most western countries use a singular Linear-Economic (LEM) model for all Commerce. This includes Banking and Trade based transactions. Under a PEM based system there is also a Secondary State-Provincial (SSP) sanctioned secondary currency and sub-economy that is meant only to allow basic Commerce to occur within that State or Province. The State currency used in this case is not traded on international FX currency markets, so as not to compete with the National Currency. The goal of keeping that currency localized is also to help foster local economies. Particularly those that have been effected (or at risk of being effected) by any National Currency crisis situation. Be that hyper-inflation, debt, systematic banking collapse, or devaluation of the national currency, etc. The Secondary State-Provincial level currency is al ...
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