Federalism and cooperation for community currencies

Some ideas on the need for intercommunity clearing systems

Bibliographic Data

ID13089017
AuthorsLouis-Maxime Joly (Université du Québec en Outaouais, corresponding author)
Year2020
Volume46
Issue1
Pages42-64
Publication date2020-01-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueThe Japanese Political Economy (JOURNAL)
Journal identifiersISSN: 2329-1958 • E-ISSN: 2329-194X
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/2329194x.2020.1765182
OpenAlexW3033052683
LanguageEN
References cited26

This paper reflects on the necessity of financially connecting community currencies (CCs) outside the standard monetary system by devising a way to clear transactions between them. Knowing that attempts of social reorganization through local currencies have been constrained by ideas and the rules of the game in the “normal” economic world, the creation of federal clearing systems between communities could help circumvent those constraints. Connecting communities multilaterally could alleviate issues linked to access to resources, liquidity and also push back debt accumulation for both independent CCs and CCs linked to national currencies

Business · Clearing · Debt · Economics · Federalism · Market liquidity · Political science · Politics · Economic theories and models · Fiscal Policy and Economic Growth · Law · Taxation and Compliance Studies · Finance

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