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Complementary Currency Systems: Employability and Welfare

Author

Listed:
  • Maëlle Della Peruta

    (University of Nice Sophia Antipolis, France
    GREDEG CNRS)

  • Dominique Torre

    (University of Nice Sophia Antipolis, France
    GREDEG CNRS)

Abstract

Complementary currency systems have developed around the world. Some are associated with local communities and aimed at developing local economic activity, social links or employability among the unemployed people. This paper uses a theoretical model to provides answers to practical questions associated with the implementation of complementary currencies aimed at eliminating the "scar effect" and facilitating recruitment in the formal sector. What are the condition for a successful complementary currency? Should credit be managed in the same way depending whether welfare or employment the chosen objective? The results point to the role of confidence in the adoption of a complementary currency, and also interest in a controlled level of mutual credit if employment is the main objective of complementary currency implementation.

Suggested Citation

  • Maëlle Della Peruta & Dominique Torre, 2015. "Complementary Currency Systems: Employability and Welfare," GREDEG Working Papers 2015-48, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
  • Handle: RePEc:gre:wpaper:2015-48
    as

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    File URL: http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2015-48.pdf
    File Function: First version, 2015
    Download Restriction: no

    References listed on IDEAS

    as
    1. C C Williams, 1996. "Local exchange and trading systems: a new source of work and credit for the poor and unemployed?," Environment and Planning A, Pion Ltd, London, vol. 28(8), pages 1395-1415, August.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Complementary currencies; scar effect; employability; mutual credit;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • J46 - Labor and Demographic Economics - - Particular Labor Markets - - - Informal Labor Market

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