Impact assessment method: sustainability with existing frameworks and integral approach

Christophe Place

Haute École de Gestion de Genève – Geneva – Switzerland, Email :

Implementation of monetary innovation for social innovation network development may be appropriate as a reliable exchange and an incentive system for community value co-creation between stakeholders and sustainable regional development. Nevertheless, some questions remain: (1) What context and objective favour the implementation of monetary innovation? (2) How to enhance and evaluate the impacts of such innovations? To contribute to these research questions, a synthesis of 4 reference currency evaluation studies and 3 assessment frameworks standards, such as Sustainable Development Goals, Impact Reporting and Investment Standards and Global Reporting Initiative, will allow us to not only improve a previous impact assessment method of 71 indicators, by integrating an integral approach categorization, but also to qualitatively assess a recently launched currency, the Léman case study, as a first impetus with 34 indicators. Beyond policy intervention, networks of individuals and organisations may integrate an impact assessment method with an integral approach and continuous improvement process, to reach economic, social, environmental, governance and cultural impacts to evaluate the interest of supporting such initiatives. Further research is needed to develop this impact assessment framework, especially a bottom-up methodology.

Article C. Place

To cite this article: Christophe Place (2018) ‘Impact assessment of monetary innovation: sustainability with existing frameworks and integral approach’ International Journal of Community Currency Research 2018 Volume 22 (Winter) 74-88 < ISSN 1325-9547. DOI:

Validating and improving the Impact of Complementary Currency Systems through impact assessment frameworks

Credibility and legitimacy are required to improve the design and implementation of complementary currency systems (CCS) and to engage with public institutions, while depending on sustained support from funders. It is hence necessary to evidence the impact of CCS as effective and efficient tools to reach sustainable development goals. Only around a fourth of the existing studies even touch upon impact evaluation processes. A standardisation of impact evaluation would lead to improve the quantity, quality and comparability of the data collected, as well as to support longitudinal studies and juxtapositions of different types of currencies in their environmental and socio-economic context. After reviewing the literature, this article proposes two complementary approaches to assess the impact of CCS: a prototype of an integral Impact Assessment Matrix based on the goals, objectives and performance indicators, and a tool based on the “Theory of Change” methodology as a common, comprehensive and incremental approach for impact evaluation. Both propositions are currently being applied and further developed by the authors.

Christophe Place and Leander Bindewald

IJCCR 2015 Place Bindewald

To cite this article: Place, C. and Bindewald, L. (2015) ‘Validating and improving the Impact of Complementary Currency Systems through impact assessment frameworks’ International Journal of Community Currency Research 19 (Summer) 152-164  <>  ISSN  1325-9547