The Diversity and Evolutionary Process of Modern Community Currencies in Japan

Yoshihisa Miyazaki* and Ken-ichi Kurita**

* National Institute of Technology, Sendai College, Miyagi, Japan, Email: frontier-spirit-21-y.m@nifty.com

** Kokusai Junior College, Tokyo, Japan. Email: kuririne@nifty.com

(Authors with equal contribution)

This paper focuses on the diverse development of modern community currencies (CCs) in Japan, and provides a classification of them by type. Modern CCs appeared in the early 1970s and since then various types have circulated globally. With the increase in CC practices, academic research into CCs has emerged as a growing area of interest. However, since CC systems are diverse, it is difficult to obtain a commonly recognized definition of CCs, or criteria for their classification according to their characteristics. Since this problem is shared even by international researchers, it has become an important issue in the field. In this study, we confirm the definition and classification of CCs by surveying previous studies on Japanese CCs. Furthermore, this paper reveals the reality of CC systems that continue to evolve through a process of development and decline, by looking back at their history. In order to explain the evolutionary process, we employ the concept of “countermovement,” as advocated by economic anthropologist Karl Polanyi. Based on our outcomes, we describe three stages in the evolution of CCs, which are the reciprocal realm, integration between the reciprocal and market realms, and new realms.

Article Miyazaki and Kurita

To cite this article:  Yoshihisa Miyazaki and Ken-ichi Kurita (2018) ‘The diversity and evolutionary process of modern community currencies in Japan’ International Journal of Community Currency Research 2018 Volume 22 (Winter) 120-131 <www.ijccr.net> ISSN 1325-9547. DOI: http://dx.doi.org/10.15133/j.ijccr.2018.010

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Classifying non-bank currency systems using web data

This paper develops a new classification of non-bank currency systems based on a lexical analysis from French-language web data in order to derive an endogenous typology of monetary projects, based on how these currencies are depicted on the internet. The advantage of this method is that it by-passes problematic issues currently found in the literature to uncover a clear classification of non-bank currency systems from exogenous elements. Our textual corpus consists of 320 web pages, corresponding to 1,210 text pages. We first apply a downward hierarchical clustering method to our data, which enables us to endogenously derive five different classes and make distinctions among non-bank currency system and between these and the standard monetary system. Next, we perform a similarity analysis. Our results show that all non-bank currency systems define themselves in relation to the standard monetary system, with the exception of Local Exchange Trading Systems.

Ariane Tichit*, Clément Mathonnat*, Diego Landivar**

* Clermont University, Auvergne University, CNRS, UMR 6587, CERDI, F-63009 Clermont Fd. Email: ariane.tichit@udamail.f; Clement.MATHONNAT@udamail.fr; ** ESC Clermont, 63000 Clermont-Fd. Email: diego.landivar@france-bs.com.

Keywords

non-bank money, text mining, web data, downward hierarchical clustering, similarity analysis

Article Tichit pdf

To cite this article: Tichit, A., Mathonnat, C.,  and Landivar, D. (2016) ‘Classifying non-bank currency systems using web data’ International Journal of Community Currency Research 20 (Summer) 24-40  <www.ijccr.net>  ISSN  1325-9547. http://dx.doi.org/10.15133/j.ijccr.2016.002

The “commodity – money – commodity” Mutual Credit Complementary Currency System. Marxian money to promote community trade and market economy

Samo Kavčič

Šercerjeva ul.26, 4240 Radovljica, Slovenia. E-mail: kavcic917@gmail.com

Abstract

The Mutual Credit Currency System, this most radical form of endogenous money, was evaluated and compared with Marx’s Commodity-Money-Commodity requirement.  A simple simulation of a small community closed loop economy was used to illustrate the functioning of two types of mutual credit currency systems. The first, dubbed MCSG, behaved according to the specifications and recommendations of the mutual credit currency system’s founding fathers, Riegel and Greco. The second, dubbed the Komoko Monetary System, or abbreviated to KMS, was a sub-type of the mutual credit currency system with some additional restrictions and one additional liberty. The main restriction introduced in the KMS was that it almost exclusively supported the exchange of only newly produced goods and services. The liberty introduced is forecast-based credit allocation. It was shown that the MCSG has an inconsistency that could potentially lead to instability. The restrictions applied within the KMS can provide a remedy for this potential flaw, while at the same time rendering the KMS compliant with Marx’s requirement. The monetary control measures applicable in KMS were discussed, which guarantee robustness and stability and make KMS a true complement to the official fractional reserve banking.

Keywords

Mutual credit system  , Commodity – money – commodity, Cash flow forecast, Currency circuit,  Monetary control,  Endogenous money

Article kavcic pdf

To cite this article: International Journal of Community Currency Research 20 (Summer) 41-53. <www.ijccr.net>  ISSN  1325-9547. http://dx.doi.org/10.15133/j.ijccr.2016.003

What kinds of volunteers become more motivated by community currency? 
Influence of perceptions of reward on motivation

Local communities in Japan are struggling to increase the number of participants in volunteer activities in order to revitalize local life. To maintain the enthusiasm of active volunteers and entice new volunteers, a new type of reward to increase motivation is needed. Accordingly, community currencies (hereafter, CCs) have been introduced as a reward in an attempt to provide such a source of motivation. In particular, local residents have been expected to participate in volunteer work more frequently in return for receiving CCs; however, there is no evidence yet as to whether CCs arouse their motivation to do volunteer work. In this study, we investigated whether CCs play a role in raising local residents’ motivation to do volunteer work. Our conclusion is that even some people with a no-reward orientation are likely to have their motivation raised by CCs, rather than diminished. This result shows that their perception towards CCs and cash is dramatically different though CCs have the same monetary value as cash.

Ken-ichi Kurita , Masayuki Yoshida and Yoshihisa Miyazaki

IJCCR 2015 Kurita et al

To cite this article: Kurita, K., Yoshida, M. and Miyazaki, Y. (2015) ‘What kinds of volunteer become more motivated by community currency? Influence of perceptions of reward on motivation’ International Journal of Community Currency Research 19 (Summer) 53-61  <www.ijccr.net>  ISSN  1325-9547  http://dx.doi.org/10.15133/j.ijccr.2015.006

Japan’s Fureai Kippu Time-banking in 
Elderly Care: Origins, Development, 
Challenges and Impact

by Mayumi Hayashi. Japan’s Fureai Kippu (‘Ticket for a Caring Relationship’) refers to mutual support networks of members of all ages, targeted at providing care for older people through exchanges of time credits, sometimes supplemented by cash payments (‘time-banking’). This has attracted increasing attention as a potential contribution to the ‘Big Society’ with an ageing population. However, despite its pioneering role and scale, relatively little is known about the details and outcomes of Fureai Kippu, and meanwhile simplistic and optimistic generalisations predominate. This article, using historical analysis and empirical evidence, seeks to address these gaps by examining the origins of Fureai Kippu, its early expansion, post-2000 slowdown and responses. It considers the practical contributions and varied benefits potentially offered by the system, along with its operational difficulties. The conclusion is that Fureai Kippu is so complex that not only is evaluation difficult but also no universal panacea can be expected from it.

Mayumi Hayashi

To cite this article: Hayashi, M. (2012) ‘Japan’s Fureai Kippu Time-banking in Elderly Care: Origins, Development, Challenges and Impact’ International Journal of Community Currency Research 16 (A) 30-44  <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2012.003

IJCCR 2012 Hayashi

CC Coupon Circulation and Shopkeepers’ Behaviour: A Case Study of the City of Musashino, Tokyo, Japan

This article introduces the history of community currencies in Japan, and examines the successes and remaining problems of the community currency coupons which are currently gaining such popularity. As a rule, in Japan, only shopkeepers can exchange community currency coupons for the national currency. Therefore, in order to expand a currency’s circulation and revive the community, each shopkeeper should use the community currency actively without saving or cashing in it immediately. Shopkeepers’ behaviour become crucial for circulation. This article will try to investigate the relationship between community currency coupon circulation and shopkeepers’ behaviour. We treat community currency coupon used in Tokyo’s Musashino district as a case and use a questionnaire-based method to examine the relationship. The research makes it clear that shopkeepers’ comprehension level, psychological resistance, and accounting procedure have a substantial effect on community currency coupon reuse versus redemption.

 Ken-ichi Kurita*, Yoshihisa Miyazaki* and Makoto Nishibe

To cite this article: Kurita, K., Miyazaki, Y. and Nishibe, M. (2012) ‘CC Coupon Circulation and Shopkeepers’ Behaviour: A Case Study of the City of Musashino, Tokyo, Japan’ International Journal of Community Currency Research 16 (D) 136-145  <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2012.020

IJCCR 2012 Kurita Miyazaki Nishibe

An Empirical Study of the Social Effects of Community Currencies

This paper introduces the concept of social support as a social effect of community currencies and explores different ways of measuring it. We used a questionnaire survey and social network analysis of transactional records to conduct a comparative case study of two community currency organizations: Ichi-Muraoka in Japan and Bytesring Stockholm (BYTS) in Sweden. Our analysis yielded the following results with respect to social support provided by community currencies: (1) while the transfer of social support by community currencies does not affect the quality of life of all users in a significant way, it makes users aware that social support can be part of their lives if they become conscious of it; and (2) community currencies are peripheral and supplementary support sources for many local residents. These results show that community currencies are effective as a system to provide social support to local residents.

Hiromi Nakazato and Takeshi Hiramoto

To cite this article: Nakazato, H. and Hiramoto, T. (2012) ‘An Empirical Study of the Social Effects of Community Currencies’ International Journal of Community Currency Research 16 (D) 124-135  <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2012.019

IJCCR 2012 Nakazato Hiramoto