Community currencies and sustainable development: A systematic review

Michel, Arnaud; Hudon, Marek

doi:10.1016/j.ecolecon.2015.04.023

Cited by 74 publications

(90 citation statements)

References 36 publications

(45 reference statements)

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“…Complementary currencies are good examples of such alternatives since they aim not only to foster ethical concern in finance (Blanc, 2015;Kennedy et al, 2012) but also to change the market orientation in trade and exchange (Ahmed and Ponsot, 2015;Blanc, 2011), and promote sustainable development (Michel and Hudon, 2015;Seyfang and Longhurst, 2013). Indeed, these monetary schemes are instruments for community micro-policies that pursue three principal objectives.…”

Section: Findings: Classification Of Complementary Currenciesmentioning

confidence: 99%

“…This collective identity stands outside pure capitalist relations, and the financial resource is less subject to private accumulation and appropriation. Indeed, governed by civil society organizations, CCs do not pursue economic accumulation but foster socio-economic or environmental progress (Michel and Hudon, 2015).…”

Section: As Examples Of Commoning Practices?mentioning

confidence: 99%

“…In this paper, we analyze five community currency (CC) schemes aiming to put money for the common interest. In recent years, an increasing number of communities have developed complementary currencies with the objective of fostering new forms of exchanges (Blanc, 2011;Michel and Hudon, 2015), and to contest the official monetary system (Ahmed and Ponsot, 2015;North, 2014a). With more than 3,000 CCs worldwide (Seyfang and Longhurst, 2013), these alternative forms of monetary organization are often considered as vehicles of social change and acts of resistance on a micro scale (Blanc, 2015;North, 2014b).…”

Section: Introductionmentioning

confidence: 99%

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Alternative organizations in finance: Commoning in complementary currencies

Meyer

Hudon

2017

Organization

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The commons are alternative social and economic practices for fostering community development and regeneration. While the role of finance is increasingly criticized as a trigger for individualism, community currencies (CCs) are one of the financial initiatives that aim to reorganize finance in the collective interest. We analyze to what extent these alternative systems allow finance to constitute common goods, or 'commons'. To this end, we investigate the commoning practices through which resources are created, distributed and consumed in a way that promotes new collectives. We analyze the extent to which CCs can be considered as commons. Our findings suggest that, although these monetary services are privately used and consumed, they have strong collective attributes such as community-building as well as the insertion of solidarity and cooperative values in money. Finally, we inquire into the limits and ambiguities of these alternatives relative to the capitalist system. We analyze the extent to which CCs can be considered as commons. Our findings suggest that, although these monetary services are privately used and consumed, they have strong collective attributes such as community-building as well as the insertion of solidarity and cooperative values in money. Finally, we inquire into the limits and ambiguities of these alternatives relative to the capitalist system.

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Section: Findings: Classification Of Complementary Currenciesmentioning

confidence: 99%

Section: As Examples Of Commoning Practices?mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Alternative organizations in finance: Commoning in complementary currencies

Meyer

Hudon

2017

Organization

Self Cite

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“…4. Blanc (2011), Michel and Hudon (2015), as well as Seyfang and Longhurst (2013) also provide good discussions on the various kinds of CCs that have sprung up over time, covering their diverse natures and goals. Martignoni (2012) also provides a typology of the various CCs that have emerged in German-speaking Europe.…”

Section: Section 22: Exploring Complementary and Community Currenciementioning

confidence: 99%

The Potential for Community and Complementary Currencies (CCs) to Enhance Human Aspects of Economic Exchange

Reppas

Muschert

2019

Dig.

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This article explores the potential for Community and Complementary Currency (CC) use to enhance human aspects of economic exchange. As far back as Aristotle, social thinkers have expressed concern that the pursuit of profit for its own sake leads to the dehumanization of those participating in economic relations, a concern which was echoed in the work of foundational thinkers in the modern Social Sciences, for example Karl Marx and Max Weber. This article probes the scope of CC use to alleviate such dehumanization, situated within this broader social context of contemporary global Capitalism. Beginning with a review of the types of CCs, this paper considers the objectives and goals of CCs worldwide. Indeed, there is room for optimism that CCs may ease negative aspects of traditional financial exchange by serving those on the fringes of and/or excluded from formal economies, and without necessarily competing with public or private traditional banking institutions. The paper concludes with reflections on the key aspects of CCs aiding their successful implementation and sustainable use. Although this paper is conceptual in nature, it offers a meta-analysis from many case studies of CCs, and suggests that CCs can be an effective tool for lessening some of the harmful impacts of the dominant economic relations found in today’s globalized world.

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“…Studies providing 'thicker' descriptions of the relations and motives involved in monetary exchange have focused upon what Leyshon et al (2003) term 'alternative economic spaces', investigating car-boot sales (Crewe and Gregson 1998), nearly-new sales and classified advertisements (Clarke 1998(Clarke , 2000, second-hand and informal retail channels (Williams and Paddock 2003), inflation-free local currency schemes such as local exchange and trading schemes (Lee 1996;Williams 1996;Williams et al 2001), sweat-equity currencies such as time dollars (Cahn 2000;Seyfang and Smith 2002;Michel and Hudon 2015) and small horticultural nurseries .…”

Section: Paid Favours (Uk) Colin C Williams Sheffield University Manmentioning

confidence: 99%

The Global Encyclopaedia of Informality, Volume 1

2017

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Community currencies and sustainable development: A systematic review

Cited by 74 publications

References 36 publications

Alternative organizations in finance: Commoning in complementary currencies

Alternative organizations in finance: Commoning in complementary currencies

The Potential for Community and Complementary Currencies (CCs) to Enhance Human Aspects of Economic Exchange

The Global Encyclopaedia of Informality, Volume 1

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