2015 Special Issue: Multiple Moneys and Development

Papers available individually on the website, or you can download the entire IJCCR 2015 Special Issue here (36MB).

Editorial Introduction: Money and Development   Georgina Gómez D1-5
The socio-economics of community currency systems
Territorial development and Community currencies : symbolic meanings in Brazilian Community development banks Marie Fare, Carlos de Freitas and Camille Meyer D6-17
Complementary Currencies for Sustainable Development in Kenya: The Case of the Bangla-Pesa William O. Ruddick, Morgan A. Richards, and Jem Bendell D18-30
Virtual social currencies for unemployed people: social networks and job market access Maëlle Della Peruta  and Dominique Torre D31-41
Price Setting Mechanisms in Complementary Currencies in Argentina’s Redes de Trueque  Georgina Gómez D42-52
What kinds of volunteer become more motivated by community currency? Influence of perceptions of reward on motivation Ken-ichi Kurita , Masayuki Yoshida and Yoshihisa Miyazaki D53-61
Building trust: exploring the role of community exchange and reputation Robin Krabbe D62-71
Community Currency in Korea: How do we envision community currency? Joonmo Kang and Baeg Eui Hong D72-80
Beyond growth: problematic relationships between the financial crisis, care and public economies, and alternative currencies Maurizio Ruzzene D81-93
Comparative work on community currency systems
French complementary currency systems: exploring contributions to promote social currency in Argentina Ricardo Orzi D94-105
The Financing of Complementary Currencies: Problems and Perspectives Rolf. F. H. Schroeder D106-113
On Velocity in Several Complementary Currencies Josep Lluis de la Rosa* and James Stodder D114-127
Prices in Parallel Currency: the case of the Exchange Network of Chania, Crete Irene Sotiropoulou D128-136
Cooperation and Intertrade between Community Currencies : From fundamentals to rule-making and clearing systems, including a case study of the Zurich Area, Switzerland Jens Martignoni D137-151
Validating and improving the Impact of Complementary Currency Systems through impact assessment frameworks Christophe Place and Leander Bindewald D152-164
It’s the motivation, stupid! The influence of motivation of secondary currency initiators on the currencies’ success Lukas Fesenfeld, Jan Stuckatz, Iona Summerson, Thomas Kiesgen, Daniela Ruß, Maja Klimaschewski D165-172
green money kenneth more

How Green is Our Money? Mapping the Relationship between Monetary Systems and the Environment

The causal link between economic growth and environmental degradation has received much attention in recent social science literature(s). Although such studies have generated key insights, the role of monetary systems – as central components of all modern economies – has been almost completely overlooked. This papers argue that monetary systems affect natural environments through the economic activities that particular monetary systems promote. It focuses on two specific aspects of any monetary system: governance and scale. With respect to the former, it shows how the rules that govern monetary systems can promote economic practices with environmental implications. With respect to the latter, the paper shows how the scale at which money is issued and/or circulates affects patterns and intensities of economic activity, both of which have clear environmental consequences. A corollary of the argument is that changing the governance and scale of monetary systems can alter economic activity in environmentally-harmful or -helpful ways.

Skylar Brooks

IJCCR 2015 Brooks

Brooks, S. (2015) ‘How Green is Our Money? Mapping the Relationship between Mone- tary Systems and the Environment’ International Journal of Community Currency Research 19 (D) 12-18 <> ISSN 1325-9547

IJCCR comes into my life – New Editorial Board

Dear all,

I feel a big responsibility on my shoulders. The work that Gill Seyfang and Noel Longhurst have been doing these years has set high standards and I hope I can live up to their and your expectations. In this vein I embrace the new Editorial Board of the International Journal of Community Currency Research. 

I come, however, in good company. The “big plan” for the IJCCR is to link it to a research association on CCS, which we started discussing in an informal session at the end of the 2nd International Conference. The idea attracted sufficient interest and by now it has been maturing in our minds. Jerome Blanc (University of Lyon, France) is already working on the legal details to establish the association in France and drafting statutes under the umbrella concept of “Research Association on Social Monetary Innovation” (RASMI) – this is not a definite name-. The purpose of the association will be to promote research on social and non-state money and complementary currencies. The next conference in Salvador do Bahia in October, 2015 will give the space for a formal constitutional assembly, in which attendants can approve the statutes, select a name and decide on fees. 

The team working on constituting the association thought that it was only a natural move to bring the International Journal of Community Currency Research under the same roof, in order to give consistency to this research field. The IJCCR will continue as an open access journal of high academic quality research that bridges the knowledge production of practitioners and academics. We are also exploring links and partnerships with other databases on community currencies, in order to organise the terrain more systematically or connect better to each other.

In the meantime, the IJCCR will get a revamp, and for this, we need more help. We critically need native English speakers who can do proof-reading, Internet savy bloggers who would help us increase the visibility of the Journal in Internet, and team-members who would like to take responsibility for the technical aspects of its publication. We will continue counting on the team of editors and reviewers who have been supporting the journal so far and we already start from a list of possible volunteers who expressed their willingness to be part of the team – thank you!- 

I will take a bit of time now to listen to you and organise some changes. If you want to be part of the team, have any ideas on what needs to be improved, or simple suggestions you would like to share, please send me an e-mail at 

With best regards,

Dr. Georgina M. Gómez,

Institute of Social Studies of Erasmus University Rotterdam


IJCCR welcomes its new editor: Georgina Gomez

picture-6It is with great pleasure that we announce that Georgina Gomez has become the new editor of IJCCR. Georgina is a Senior Lecturer in Institutions and Local Development, at the Institute of Social Studies, The Hague, The Netherlands. She has a strong track record of contributing to IJCCR as author, advisory board member, and most recently, as guest editor of the newest special issue on Multiple Moneys and Development. Georgina has ambitious plans for consolidating and developing the journal, in conjunction with other community currency researchers and resource hubs, and she will shortly explain her plans and begin refreshing the website. The outgoing editors will remain on a new advisory board, and we know you will join us in wishing the incoming team every success. A few weeks ago we announced that IJCCR was seeking a new editorial team, and we are grateful for all the interest and responses we received. We anticipate that the new editorial team will seek to work with everyone who has expressed an enthusiasm to be part of the journal’s future.

barter market

2015 Special Issue Introduction: Money and development 

This special issue of the International Journal of Community Currency Research (IJCCR) includes 15 papers that their authors presented in their earlier versions at the 2nd International Conference on Complementary and Community Currency Systems, ‘Multiple moneys and development: making payments in diverse economies’. It was held at the International Institute of Social Studies (ISS) of Erasmus University Rotterdam in The Hague between 19th and 23rd June, 2013. It was organised as an event of the Civic Innovation Research Initiative in collaboration with the Qoin Foundation (Amsterdam), the think-tank New Economics Foundation (London), and the Palmas Institute (Brazil and Europe). The event was attended by almost 450 participants from 31 countries, including academics, practitioners, consultants, policy makers and representatives of grassroots organisations. This special issue seeks to reflect that diversity and includes articles on Complementary and Community Currency Systems from most corners of the world. Georgina M. Gómez
IJCCR 2015 Gomez intro Gómez, G. (2015) ‘Introduction: Money and Development’ International Journal of Community Currency Research 19 (D) 1-5  <>  ISSN  1325-9547

Prices in parallel currency: The case of the exchange network of Chania, Crete

This paper investigates the prices set within the Exchange Network of Chania and tries to examine what prices are attributed to which products and services, how those prices are set and what they reveal about the values of the goods offered. Moreover, the further aim of the paper is to explore the implications of those prices concerning the function of the scheme itself, within the context of the local economy of the Chania area. The data have been gathered during regular visits to the open markets of the scheme since January 2012. Therefore, the paper attempts to contribute original research findings concerning prices in parallel currency schemes and study several important issues which arise in multiple currency practice.

Irene Sotiropoulou

IJCCR 2015 Sotiropolou

Sotiropoulou, I. (2015) ‘Prices in parallel currency: The case of the exchange network of Chania, Crete’ International Journal of Community Currency Research 19 (D) 128-136 <> ISSN 1325-9547


It’s the motivation, stupid! The influence of motivation of secondary currency initiators on the currencies’ success

This paper attempts to explain the success of secondary currencies. Success is defined as the degree to which the initiators of these currencies manage to reach their original goals. In order to do so, we draw on two explanatory factors:  the motivation of a currency’s founder and the degree of organization. We employed a combination of qualitative interviews, secondary literature review and standardized questionnaires with seven secondary currency projects in Croatia (CROM), Germany (KannWas, Engelgeld), Greece (Ovolos, TEM) and the United Kingdom (Bristol Pound, Brixton Pound). The main findings are that projects which pursue several different motivations are more successful than those with fewer goals. As for the degree of organization, projects which score high on all dimensions of organization are correlated with higher project success. Building on this we propose a typology of two groups: Type 1 cases have low diversity of motivation and organization (CROM and Engelgeld) and Type 2 cases have high diversity of motivation and organization (Bristol Pound, Brixton Pound, and TEM). The two remaining cases, the Ovolos and the KannWas cannot be clearly assigned to any of the types. The motivation-organization typology can guide future research on the motivation of founding and using secondary currencies.

Lukas Fesenfeld, Jan Stuckatz, Iona Summerson, Thomas Kiesgen, Daniela Ruß, Maja Klimaschewski

IJCCR 2015 fesenfeld

Fesenfeld, L., Stuckatz, J., Summerson, I., Kiesgen, T., Ruß, D. and Klimaschewski, M. (2015) ‘It’s the motivation, stupid! The influence of motivation of secondary currency initiators on the currencies’ success’ International Journal of Community Currency Research 19 (D) 165-172  <>  ISSN  1325-9547