Vol. 25 (Issue 1) pp. 107-115

Prospects of implementation of complementary currencies at the municipal level by dataset of economic agents banking transactions

A.A. Panachev*, D.B. Berg**

* Ural Federal University, Yekaterinburg, Russia, panachev1@mail.ru

** Ural Federal University, Yekaterinburg, Russia, bergd@mail.ru


The main goal of the research is to determine prospects of complementary currencies implementation at municipal level. The researching object is a small city. For reaching a goal of the research it was necessary to solve following tasks: to determine the causes of closed networks formation, to analyze networks as well as to calculate the possible economic effect of implementation. The main precondition to implementation is the presence of networks of closed transactions when the groups of economic agents are joining to clusters and exchanging goods and means of calculation inside the system. The algorithm in python was created to find such networks. The searching result consists of 17 closed networks and 102 organizations. The Social Network Analysis system of metrics was used to analyze discovered networks. In comparison process with Bernoulli random graph was found that the networks aren’t random and further searching/research is needed. The analysis process of dynamics of forming networks discovered that the maxim value of metric in the first and second periods and the peak of participant’s number is in the third week. The process of economic effect calculations demonstrates that the turnover 2705 million rubles can free 7,42 million through the complimentary currencies implementations.


Alternative currency, Social Network Analysis, Local payment systems, Experimental economic models, Bernoulli random graph

Article Panachev et al.

To cite this article:

Panachev, A. and Berg, D.B (2021) ‘Prospects of implementation of complementary currencies at the municipal level by dataset of economical agents banking transactions’ International Journal of Community Currency Research Volume 25 (Issue 1) 107-115; http://www.ijccr.net; ISSN 1325-9547; DOI http://dx.doi.org/10.15133/j.ijccr.2021.008