IDEAS home Printed from
   My bibliography  Save this article

Formes et rationalités du localisme monétaire


  • Blanc, Jérôme

    (Université Lumière Lyon 2 et Centre Auguste et Léon Walras)


This paper deals with monetary localism. It is defined as the organization of a location of exchanges within a specific space by means of an adaptation of the existing monetary system or the construction of a proper monetary system. The paper brings up the forms taken by monetary localism since the 1980’s, which experiences a very strong dynamics. It distinguishes between three localisms: a State territorial localism, an infra-State territorial localism and a community localism. It draws four rationalities whose diverse combinations characterize the varied cases of contemporary monetary localisms: to gain incomes, to protect the local space, to revitalize the local activity and to transform the nature of exchanges. Five examples illustrate these combinations. The paper argues that it can be relevant to analyze under the category of monetary localism phenomena which are however generally distinguished. Drawing rationalities at work in these phenomena enables to understand this unity beyond the variety of the forms of monetary localism. Ce texte traite du localisme monétaire. Il est défini comme l’organisation d’une localisation des échanges au sein d’un espace spécifique au moyen d’une adaptation du système monétaire existant ou de la construction d’un système monétaire ad hoc. Le texte met en avant les formes prises par le localisme monétaire depuis les années quatre-vingt, qui connaît une dynamique très forte. Il distingue un localisme territorial étatique, un localisme territorial infraétatique et un localisme communautaire. Il dégage quatre rationalités dont les diverses combinaisons caractérisent les multiples cas de localisme monétaire contemporains : capter des revenus, protéger l’espace local, dynamiser l’activité locale et transformer la nature des échanges. Cinq exemples illustrent ces combinaisons. La thèse développée est qu’il peut être pertinent d’analyser sous la même bannière du localisme monétaire des phénomènes qui, en général, sont pourtant singularisés ; la mise à jour des rationalités à l’oeuvre permet de saisir cette unité au-delà de la diversité des formes de localisme monétaire.

Suggested Citation

  • Blanc, Jérôme, 2002. "Formes et rationalités du localisme monétaire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(3), pages 347-369, Septembre.
  • Handle: RePEc:ris:actuec:v:78:y:2002:i:3:p:347-369

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    1. Fischer, Stanley, 1982. "Seigniorage and the Case for a National Money," Journal of Political Economy, University of Chicago Press, vol. 90(2), pages 295-313, April.
    2. Jérôme Blanc, 1998. "Les monnaies parallèles : évaluation du phénomène et enjeux théoriques," Post-Print halshs-00111647, HAL.
    3. Friedman, Milton, 1971. "Government Revenue from Inflation," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 846-856, July-Aug..
    4. Jérôme Blanc, 1998. "Les monnaies parallèles : évaluation et enjeux théoriques du phénomène," Revue d'Économie Financière, Programme National Persée, vol. 49(5), pages 81-102.
    5. Jean-François Ponsot, 2015. "Currency boards," Post-Print halshs-01114814, HAL.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Gomez, Georgina M. & Helmsing, A.H.J., 2008. "Selective Spatial Closure and Local Economic Development: What Do We Learn from the Argentine Local Currency Systems?," World Development, Elsevier, vol. 36(11), pages 2489-2511, November.
    2. Jérôme Blanc, 2006. "A quoi servent les monnaies sociales ?," Post-Print halshs-00085785, HAL.
    3. Ould-Ahmed, Pepita, 2010. "Les « clubs de troc » argentins : un microcosme monétaire Credito dépendant du macrocosme Peso," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 7.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:78:y:2002:i:3:p:347-369. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruce Shearer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.