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Classifying "CCs": Community, complementary and local currencies' types and generations

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  • Jérôme Blanc

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

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. A major problem that arises with regards to CCs is the obsolescence of previous typologies, due to rapid innovation and the weakening of borders (technological, juridical, political, ideological...) that seemed unlikely to be broken down. Even the terms "complementary currency", "community currency" and many others (with language specificities in English as well as in other languages - for example, in Latin language-speaking countries, something like "social money" is frequently employed) are not considered similarly by activists, scholars, policy-makers or users. 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. Building a typology requires first to state the precise objectives of it; different objectives may lead to different typologies. The present short paper aims at proposing ways to build typologies in a flexible framework, able to include further developments of the matter. Section 2 discusses the principles of a CC typology. Section 3 proposes a distinction between local, community, and complementary currencies, based on the schemes' projects, formulated through redistribution, reciprocity and market criteria. Section 4 distinguishes, in the recent past, four generations of CC schemes, related to combination of previous ideal types : unconvertible community schemes like LETS and trueque (G1), pure time exchange schemes (G2), convertible currencies with local economic objectives like Regio, Palmas or Ithaca currencies (G3) and multiplex schemes like NU and SOL projects (G4). Section 5 concludes. Available online : [ http://ijccr.net/2012/05/29/classifying-ccs-community-complementary-and-local-currencies/ ]

Suggested Citation

  • Jérôme Blanc, 2011. "Classifying "CCs": Community, complementary and local currencies' types and generations," Post-Print halshs-00583587, HAL.
    • Handle: RePEc:hal:journl:halshs-00583587
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    Citations

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    Cited by:

    1. Nikolay Nenovsky & Pencho Penchev, 2016. "Money without a State: Currencies of the Orthodox Christians in the Balkan Provinces of the Ottoman Empire (17th –19th centuries)," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(1), pages 33-51, March.
    2. Hayyan Alia & Eli Spiegelman, 2020. "Convertible local currency and trust: ‘It’s Not You, It’s Me’ – A field experiment in the French Basque Country," Local Economy, London South Bank University, vol. 35(2), pages 105-120, March.
    3. Diego Sébastien LANDIVAR & Clément MATHONNAT & Ariane TICHIT, 2014. "Classification des systèmes de monnaies non-bancaires : ce que disent les données du Web," Working Papers 201425, CERDI.
    4. Jérôme Blanc & Marie Fare, 2016. "Turning values concrete: the role and ways of business selection in local currency schemes," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 298-319, September.
    5. Ariane Tichit & Clément Mathonnat & Diego Sébastien Landivar, 2015. "Classifying Non-banking Monetary Systems using Web Data," CERDI Working papers halshs-01230219, HAL.
    6. Luigi Doria & Luca Fantacci, 2018. "Evaluating complementary currencies: from the assessment of multiple social qualities to the discovery of a unique monetary sociality," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(3), pages 1291-1314, May.
    7. Jérôme Blanc, 2017. "Making Sense of the Plurality of Money : A Polanyian Attempt," Post-Print halshs-02023680, HAL.
    8. Marie Fare & Pepita Ould Ahmed, 2014. "Complementary currency systems questioning social and economic changes," Working Papers ird-01088492, HAL.
    9. Jérôme Blanc & Marie Fare, 2012. "Les monnaies sociales en tant que dispositifs innovants : une évaluation," Innovations, De Boeck Université, vol. 0(2), pages 67-84.
    10. Jérôme Blanc & Marie Fare, 2018. "Pathways to Improvement. Successes and Difficulties of Local Currency Schemes in France since 2010," Post-Print halshs-01996923, HAL.
    11. Jérôme Blanc, 2017. "Unpacking monetary complementarity and competition: a conceptual framework," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(1), pages 239-257.
    12. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    13. Jérôme Blanc, 2018. "Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 389-411, December.
    14. Ariane Tichit & Clément Mathonnat & Diego Landivar, 2016. "Classifying Non-Bank Currency Systems Using Web Data," Post-Print hal-01995950, HAL.
    15. Seyfang, Gill & Longhurst, Noel, 2013. "Growing green money? Mapping community currencies for sustainable development," Ecological Economics, Elsevier, vol. 86(C), pages 65-77.
    16. Dini, Paolo & Kioupkiolis, Alexandros, 2019. "The alter-politics of complementary currencies: the case of Sardex," LSE Research Online Documents on Economics 101368, London School of Economics and Political Science, LSE Library.
    17. Frédéric A Hayek & Pascal Lafourcade & Ariane Tichit, 2023. "Generic and Universal Local Cryptocurrency: LCoin," Post-Print hal-04176704, HAL.
    18. Oliver Sanz, Esther, 2016. "Community currency (CCs) in Spain: An empirical study of their social effects," Ecological Economics, Elsevier, vol. 121(C), pages 20-27.
    19. Hélène Joachain & Frédéric Klopfert, 2011. "Emerging trend of complementary currencies systems as policy instrument for environmental purposes: changes ahead?," Working Papers CEB 11-047, ULB -- Universite Libre de Bruxelles.
    20. Sartori, Laura & Dini, Paolo, 2016. "From complementary currency to institution: a micro-macro study of the Sardex mutual credit system," LSE Research Online Documents on Economics 67135, London School of Economics and Political Science, LSE Library.
    21. Lukas Valek & Vladimir Bures, 2018. "Time Bank and Dynamics of its Metamodel," Postmodern Openings, Editura Lumen, Department of Economics, vol. 9(4), pages 157-183, December.
    22. Blanc, Jérôme, 2015. "Contester par projets. Le cas des monnaies locales associatives," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.

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