Cooperation and Intertrade between Community Currencies: From fundamentals to rule-making and clearing systems

Cooperation, interchange or intertrade of complementary currencies is not yet very common, perhaps of because the funding impulse of most complementary currencies does not cover the question of interchange and cooperation yet, or because theoretical aspects are not often stud- ied. The article describes money or currency as an instrument of cooperation, based on a socio- logical and institutional economics background. It then postulates currency as an operating system and focuses on the technical terms of trade if one would try to establish cooperation between such systems. Basic principles of interchange and intertrade, which are necessary for success, are presented, such as the ideas of trade balance, compensation funds, exchange rates and clearing, set-points and limits, references, anchoring money and tolls and taxes. Further some aspects of governance and negotiation are discussed and a nested framework of rules is adapted to currencies. As an Appendix a case study of the Zurich region is presented where a process of negotiation and building of an interchange network between several CC-groups is on-going.

Jens Martignoni

IJCCR 2015 martignoni

To cite this article: Martignoni, J., (2015) ‘Cooperation and Intertrade between Community Currencies : From fundamentals to rule-making and clearing systems, including a case study of the Zurich Area, Switzer- land’ International Journal of Community Currency Research 19 (Summer) 137-151 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2015.014

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Solidarity economy between a focus on the local and a global view

According to conventional wisdom, money serves the following functions: it is a medium of exchange, a unit of account, and a store of value. However, if we broaden our perspective, we might conceive of money also as a medium of communication, as a means to either change society, or to preserve a community in the sense of “resilience” against outside threat. It is this idea, which the following article wants to further explore, against the background of the newly established regional currencies (Regionalwährungen) in Germany, Austria and Switzerland. If we are not solely occupied with the financial stability of a currency, but with how a currency can contribute to the stability and cohesion of a community and of society as a whole, then we are well advised to look at accompanying structures, physical and social, which may be subsumed under the notion of “solidarity economy”.

Krister Volkmann

To cite this article: Volkmann, K, (2012) ‘Solidarity economy between a focus on the local and a global view’ International Journal of Community Currency Research 16 (D) 97-105  <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2012.016

IJCCR 2012 Volkmann