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Community currency, local currency, negotiable voucher and others: a theoretical attempt to classify money substitutes into a system

Author

Listed:
  • József Varga

    (Kaposvár University, Faculty of Economics)

  • Gábor Sárdi

    (Kaposvár University, Faculty of Economics)

  • Tamás Kovács

    (University of Sopron Alexandre Lamfalussy Faculty of Economics)

Abstract

In our study we tried to group money substitutes including complementary currencies known as "community currencies? in particular pursuing a new kind of approach. This objective was supported by the question whether there is a structuring principle according to which we can make groups of the different types of currencies and money substitutes in a structured manner. We have substantial and continuously developing literature of community currencies. However, as we know there are not many publications and studies about their classification. It is true that several authors and organizations have tried to make categories of currencies that exist besides legal currencies or that can be operated (e.g. Lietaer, Kennedy, Regiogelde. V Cooperation, Utterguggenberger Institution, Blanc, Bode, Boonstra and his colleagues, Greco, Mertignoni), but our opinion is that they are incomplete.On the one hand the aspects of classification developed in literature do not put the criteria of the classification into the whole monetary system and the currency system, on the other hand the main goal of certain criteria was not to create a structured system but to classify and to categorise the unique trials of money substitutes on the basis of some criteria. In our study we try to fill the two gaps above placing the certain types of money substitutes into a single system and a conceptual scheme.

Suggested Citation

  • József Varga & Gábor Sárdi & Tamás Kovács, 2018. "Community currency, local currency, negotiable voucher and others: a theoretical attempt to classify money substitutes into a system," Proceedings of International Academic Conferences 7508886, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:7508886
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    More about this item

    Keywords

    community currency; money substitutes; classification;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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