Input-text for a workshop by Richard Douthwaite at the Second International Conference on Economic Degrowth for Ecological Sustainability and Social Equity in Barcelona.
Introduction: Leaving insurance aside, two broad types of financial institution will be needed in a de-growth world. Some institutions will be concerned with payments. They will look after the movement of money from one account to another. Although new actors such as liquidity networks may enter the
field, there seems to be no need for any significant change to the basis on which the institutions currently handling money transmission work to cope with degrowth. Accordingly, the workshop will concentrate on the second type of institution, those handling savings, investments and pensions.