Vol. 20 (Summer) pp. 24-40

Classifying non-bank currency systems using web data

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.


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.


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

Article Tichit pdf

To cite this article: Tichit, A.; Mathonnat, C.; 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

Complementary Currency Open Source Software in 2010

This report briefly covers the field of non-commercial mutual credit software, discussing the issues and challenges the projects collectively faced in meeting the needs of the movement. There is a clear cultural divide between commercial barter software which helps businesses exchange spare capacity within the law, and free open source projects which help neighbours to exchange under the radar of the tax man. There is almost no cross-fertilisation between nonprofit, idealistic, community projects, and the business barter. The aims of both cultures are very different, though their methods are similar.

Matthew Slater Volume 15(2011) Special Issue D82-87

IJCCR 2011 Special Issue 16 Slater

To cite this article: Slater, M. (2011) ‘Complementary Currency Open Source Software in 2010’ International Journal of Community Currency Research 15 (D) 82-87 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.027

What Have Complementary Currencies in Japan Really Achieved?

Japan has been regarded from abroad as one of the most developed countries in terms of CC systems, depicted by Kennedy and Lietaer (2004) as “the country in the world with the most systems in operation today, but also the nation with the greatest diversity of such experiments.” However, this paper argues that the lack of literature about initiatives in languages other than Japanese has been a hurdle that has not allowed Western researchers to grasp the real picture.  This article’s goal is to show the historical development of CC initiatives in this East-Asian country, revealing how the very concept of having another means of exchange for communities has been transformed over years by the unique interpretations and the conceptual manipulation of Japanese promoters and practitioners.

Yasuyuki Hirota Volume 15(2011) Special Issue D22-26

IJCCR 2011 Special Issue 05 Hirota

To cite this article: Hirota, Y. (2011) ‘What Have Complementary Currencies in Japan Really Achieved?’ International Journal of Community Currency Research 15 (D) 22-26 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.016

On The Money: Getting the message out

Complementary and community currency systems have been started all over the world. There are a number of critical success factors, one of which is education. There are many important reasons for educating people about community currencies, including practical, economic, social, ecological, political and psychological ones. Key audiences for messages about community currencies are participants, designers, administrators and public decision makers. Promoters have adopted a range of strategies to educate people who design, use or support these systems: books & articles, design guides, research summaries, general advice & information, videos, conferences, webinars (internet seminars), internet discussion groups and training. More coordinated and strategic support of these efforts would enhance their effectiveness.

John Rogers Volume 15(2011) Special Issue D11-16

IJCCR 2011 Special Issue 03 Rogers

To cite this article: Rogers, J. (2011) ‘On The Money: Getting the message out’ International Journal of Community Currency Research 15 (D) 11-16 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.014

Classifying ‘CCs’: Community, Complementary and Local Currencies

Since the emergence of “CCs” thirty years ago, attempts to build typologies and to name things properly have always been disappointing, as if the very object of the analysis escaped from any rigid classification. Even the terms “complementary currency”, “community currency” and many others are not considered similarly; as a result, there is no common typology shared by scholars, activists and observers, beyond a series of general considerations clearly distinguishing specific items between CC schemes. This paper presents a novel attempt to classify and categorise CCs in a way which looks to future developments, while capturing the diversity of historical origins. The ideal types of community, complementary and local currencies let the possibility of combinations able to analyze concrete forms of non-national and not-for-profit currencies. The teleological exclusion of sovereignty and, more important, profit motives must be emphasized.  The present typology states that for-profit currencies are of another nature than CCs, and it draws up an ideal-type of CCs built around a democratic participation principle organized around non-profit organizations, grassroots organizations or informal groupings of persons.

Jérôme Blanc Volume 15(2011) Special Issue D4-10

IJCCR 2011 Special Issue 02 Blanc

To cite this article: Blanc, J. (2011) ‘Classifying ‘CCs’: Community, Complementary and Local Currencies’ International Journal of Community Currency Research 15 (D) 4-10 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.013

Calgary Dollars: Economic and Social Capital Benefits

The Calgary Dollars complementary currency, which began in 1996, contributes to the knowledge of complementary currencies through repeated measurement of social and economic capital outcomes. This brief article provides a literature review and references some relevant government endorsements of complementary currency including the City of Calgary and the Alberta provincial complementary currency of 1936. Summaries of demographics and participants quotations are provided. Calgary research findings from 2002/2003, 2009, and 2010 are reviewed. Economic capital benefits are found to include complementary currency purchases as well as national currency and barter transactions resulting from Calgary Dollars participation. The findings suggest that both social and economic capital benefits are realized by Calgary Dollars participants and that benefits increase with the length of participation.

 Gerald Wheatley, Corrine Younie, Hind Alajlan, and Erin McFarlane Vol 15(2011) A84-89
To cite this article: Wheatley, G.; Younie, C.; Alajlan, H. and McFarlane, E. (2011) ‘Calgary Dollars: Economic and Social Capital Benefits’ International Journal of Community Currency Research 15 (A) 84-89 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.009

Money and Participatory Governance: A review of the literature

This paper provides an overview and discussion of several important approaches to the governance of monetary systems in the light of the extent to which all stakeholders have full input into monetary decision-making processes.  Currency scale and various approaches to monetary governance are explored, identifying a number of key limitations with previous approaches and highlighting the need for a modified conceptual and theoretical framework for exploring the potential of small scale currency institutions to allow greater participatory monetary decision-making.

Shira Destinie Jones Vol 15(2011) A56-68

To cite this article: Jones, S.D. (2011) ‘Money and Participatory Governance: A review of the literature’ International Journal of Community Currency Research 15 (A) 56-68 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.006