Category: 12 (2008)

An Economic Analysis Of Contemporary Local Currencies In The United States

IJCCR

Since 1991, over 80 communities in the United States introduced locally printed money. It is argued by proponents that community currency systems revitalize local economies by keeping money circulating locally rather than flowing out, but this study is the first known in-depth economic analysis of these systems. Monetary theory and the experience with local currencies in Argentina indicate that in periods of financial instability and high unemployment, local currencies might provide widespread economic benefits. The experience of the United States during the 1990s, however, suggests that local paper currencies do not promote local economic development during periods of economic and financial stability. Seigniorage from local currencies is small, and cities in the United States that attempted local currencies during the 1990s did not experience higher rates of growth in income than other cities. Eighty-five percent of the local paper currency systems initiated in the United States since1991 have become inactive.

Gregory A. Krohn and Alan M. Snyder Volume 12(2008) A53-68

IJCCRvol12(2008)Krohn

To cite this article: Krohn, G.A. and Snyder, M. (2008) ‘An Economic Analysis Of Contemporary Local Currencies In The United States’ International Journal of Community Currency Research 12 53-68 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2008.005

Community Currency: An Approach To Economic Sustainability In Our Local Bioregion

IJCCR

Throughout the United States many rural areas face challenges to economic sustainability. Community currency attempts to confront these challenges by ensuring that wealth and resources are maintained within a region. The specific research question investigated in this article is, “Why do individuals participate in community currency movements and does that participation actually promote economic sustainability?” Social identity theory, social exchange theory and the concept of social capital guided the analysis for participation in the Humboldt Exchange. Key informant interviews and the Humboldt Exchange Survey 2008 were methods used to answer the research question. Survey data reveals that 44% of the Humboldt State University is aware of community currency, while 80% are unaware of the Exchange. Qualitative findings propose that individuals participate in the Humboldt Exchange because they have goods and services to exchange with others, whom they identify with, because doing so ensures that a certain amount of wealth and resources are maintained locally. However, as survey data shows, lack of awareness of the Humboldt Exchange essentially prohibits any form of economic sustainability, since this sustainability is only possible through considerable participation in the Exchange.

Natalie Terese Soder Volume 12(2008) A24-52

IJCCRvol12(2008)Soder

To cite this article: Soder, N.T. (2008) ‘Community Currency: An Approach To Economic Sustainability In Our Local Bioregion’ International Journal of Community Currency Research 12 24-52 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2008.004

Peter North (2006) Alternative Currency Movements as a Challenge to Globalisation? A Case Study of Manchester’s Local Currency Networks.

IJCCR

Manon Boulianne Volume 12(2008) C20-23

IJCCR vol 12 (2008) review1

To cite this article: Boulianne, M. (2008) ‘Peter North (2006) Alternative Currency Movements as a Challenge to Globalisation? A Case Study of Manchester’s Local Currency Networks’ International Journal of Community Currency Research 12 20-23 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2008.003

2007 Yearly Report of the Worldwide Database of Complementary Currency Systems

IJCCR

The Worldwide Database of Complementary Currency Systems is designed to collect vital statistics on a broad variety of indicators related to the function of all types of complementary currency systems. The reason for collecting this information is to provide an accurate statistical and scientific understanding of different types of systems and identify a set of performance indicators from which to make comparisons. From this foundation of knowledge our intention is to open a communication channel that links complementary currency systems together to allow experience, information and knowledge to be exchanged, which contributes to the improvement and growth of our efforts. The information is presented in a wide variety of ways: according to the region, country and the indicators listed, in table and graph forms, using both bar and pie charts. This level of simplicity and flexibility creates a complexity that is sufficient to allow researchers to drill for information from the international level all the way down to the community level.

Stephen DeMeulenaere Volume 12(2008) B2-19

IJCCR vol 12 (2008) 1 deMeulenaere

To cite this article: DeMeulenaere, S. (2008) ‘2007 Yearly Report of the Worldwide Database of Complementary Currency Systems’ International Journal of Community Currency Research 12 2-19 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2008.002