2015 Book Reviews

Our round-up of the latest books on community currencies – we add to this section throughout the year.

Sustainable Society: Making Business, Government and Money Work Again by Rudolf Isler (2014). Reviewed by Timothée Parrique

Saving the Market from Capitalism by Massimo Amato and Luca Fantacci (2014). Reviewed by Yasuyuki Hirota

ijccr book reviews 2015

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 <www.ijccr.net> ISSN 1325-9547

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  <www.ijccr.net>  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 <www.ijccr.net> ISSN 1325-9547


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

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  <www.ijccr.net>  ISSN  1325-9547