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The Eusko’s trajectory. Hypotheses to understand the success of the complementary local currency of the Northern Basque Country

Author

Listed:
  • Dante Edme-Sanjurjo
  • Mathilde Fois Duclerc

    (CED - Centre Émile Durkheim - IEP Bordeaux - Sciences Po Bordeaux - Institut d'études politiques de Bordeaux - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

  • Yannick Lung

    (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

  • Julien Milanesi

    (CERTOP - Centre d'Etude et de Recherche Travail Organisation Pouvoir - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse - CNRS - Centre National de la Recherche Scientifique)

  • Fabienne Pinos

    (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

Launched in January 2013, the Eusko (complementary local currency of the Northern Basque Country in France) became the first local currency in Europe five years later, with the equivalent of more than one million euros in circulation, surpassing the Chiemgauer in Germany and the Bristol Pound in England. This paper aims to explain the development of this complementary local currency and to formulate hypotheses about the factors for its success. Part 1 gives a statistical overview of the Eusko's trajectory, analysing the distribution of this currency in its chronological and spatial dimensions. Part 2 focuses on the specificity of the territorial context, which is characterized by a high density of the associative and cooperative movements. Part 3 details the mobilizing organizational devices that contribute to the Eusko's success.

Suggested Citation

  • Dante Edme-Sanjurjo & Mathilde Fois Duclerc & Yannick Lung & Julien Milanesi & Fabienne Pinos, 2020. "The Eusko’s trajectory. Hypotheses to understand the success of the complementary local currency of the Northern Basque Country," Post-Print hal-02986127, HAL.
    • Handle: RePEc:hal:journl:hal-02986127
    DOI: 10.15133/j.ijccr.2020.009
    Note: View the original document on HAL open archive server: https://hal.science/hal-02986127
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    Cited by:

    1. Julien Milanesi, 2021. "L'Eusko et son écosystème," Post-Print hal-03416223, HAL.
    2. Frédéric A Hayek & Pascal Lafourcade & Ariane Tichit, 2023. "Generic and Universal Local Cryptocurrency: LCoin," Post-Print hal-04176704, HAL.

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