The global open-access journal for research and analysis of community and complementary currencies
cascadia-hour-currency.jc July 9, 2012
Western Massachusetts Launches Its Own Currency July 1, 2012

What kinds of volunteers become more motivated by community currency? 
Influence of perceptions of reward on motivation

November 28, 2014

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Local communities in Japan are struggling to increase the number of participants in volunteer activities in order to revitalize local life. To maintain the enthusiasm of active volunteers and entice new volunteers, a new type of reward to increase motivation is needed. Accordingly, community currencies (hereafter, CCs) have been introduced as a reward in an […]

Complementary Currencies for 
Sustainable Development in Kenya: 
The Case of the Bangla-Pesa

November 28, 2014

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This paper is a report on the development of a complementary currency system that allows Kenyans in informal settlements to trade goods and services and meet sustainable development objectives. The system in this report, Bangla-Pesa, uses a ‘collaborative credit’ model through a network of local business, whose owners often struggle to meet their basic needs […]

Community Currency in Korea: How do we envision community currency?

November 17, 2014

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Community currency schemes were first introduced in Korea in 1998. Since then, there have been many efforts to use them but no report or academic research on the topic in Korea. Thus, we conducted a field investigation to identify the scope of community currency schemes in Korea and as of 2012 we found 43 groups […]

First Micro-Simulation Model of a LEDDA Community Currency-Dollar Economy

October 14, 2014

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Results are presented for a first-in-class microsimulation model of a local-national currency system. The agent-based, stock-flow consistent model uses US Census income data as a starting point to project the evolution of local currency (community currency) and dollar flows within a simplified county-level economy over a period of 28 years. Changes in the distribution of […]

A Counter-Hegemonic Discourse of Economic Difference: A Critical Discourse Analysis of Timebanking in the United States

April 30, 2014

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Timebanking provides an empirical entry point into a better understanding of the discursive strategies used to legitimize alternative currencies. This study uses a post-Marxist perspective and a critical discourse analysis to examine the websites of 334 timebanks in the United States.

2014 Book reviews

April 11, 2014

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Our round-up of the latest books on community currencies – we add to this section throughout the year. The Heretic’s Guide to the Future of Finance: Hacking the Future of Money by Brett Scott (2013). Reviewed by Marie-Adélaïde Matheï Alternative Economies and Spaces: New perspectives for a sustainable economy edited by Hans-Martin Zademach and Sebastian Hillebrand […]

Posted in: 18 (2014), book review

Complementary currency and its impact on the economy

November 26, 2013

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The paper aims to show the impact that a complementary currency may have on a national economy from a theoretical point of view. A system dynamics model is created to describe the mechanics of money issuance in capitalist economies as well as in economies where there is no inside money. As an example, the first […]


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