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Although today’s main organisation principle of monetary spaces is the nation-state’s one, everyone can see it is not totally the case because of the existence and the development of local and social currencies, voucher systems and marketing monetary systems. European history gives very useful lessons on this matter.
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Taugt eine Regionalwährung zur Schaffung von Produktion und Beschäftigung auf regionaler Ebene?
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The situation of Korea Community Currency and the activity contents of Hanbat LETS will be introduced in this article.
Korea Community Currency was introduced in Korea in the monthly magazine ‘Green Review’ in 1996. After that, Community Currency ‘Future Money’ started to administer an organization in 1998. And quite a number of Community Currency were taken shape of an organization, so it was reported 31 Community Currencies in 2000 when was IMF period.
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Stephen's presentation will focus on complementary currency systems for
regional economic development in the third world. After a period of
experimentation with social money, mutual credit, marketplace and
time-based systems which saw the rise and fall of these types of
systems, the focus is shifting to the application of complementary
currency systems in micro-small-medium enterprise development, the
formation of enterprise clusters, networks and supply chains, promotion
of regional product specialization, local import substitution, and
value-added production. These aspects will be presented inside the
context of a number of brief case studies from Africa, Latin America and
Southeast Asia.
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Among the major policy innovations in the United States arising out of the Great Depression must be counted those that transformed the nation’s monetary system. Precipitated by the collapse of the nation’s banking system in early 1933, these innovations included the abandonment of the domestic gold standard, a revaluation of the dollar against gold and, by 1935, a centralization of the Federal Reserve System’s powers in Washington, D.C. What has remained less appreciated was the parallel proliferation of grassroots monetary responses to depression conditions.
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People make their geographies and histories but rarely in conditions of their own choosing. This paraphrase of Marx is both positive and optimistic (people making their own geographies and histories), realistic (rarely in conditions of their own choosing) and, increasingly, incorrect (rarely is evermore an understatement) as the dynamic and increasingly violent co-existence of topological relational spaces disrupts the certainties – even if only the imagined certainties - of territorial space and the interactions of relative space.
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Why has money become such an influential force in the world today? Why does it generate such powerful and polarized emotions in most individuals? Why is it that money is the most frequent reason for conflicts - from family breakdowns to wars? more…
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Welchen potentiellen Beitrag können regionale Komplementärwährungen zur endogenen Regionalentwicklung leisten? Dazu ist es notwendig eine Region sehr umfassend zu betrachten, alle Akteure und deren Interaktionen zu berücksichtigen. Um dies zu ermöglichen wird eine Region als Netzwerk verstanden, deren Akteure Konsumenten, Unternehmen sowie staatliche und private Institutionen sind, die Relationen oder Beziehungen zueinander unterhalten. Den Ansatzpunkt für die Bewertung regionaler Komplementärwährungen bildet die Tatsache, dass die Beziehungen dieses sozioökonomischen Netzwerkes zu einem guten Teil direkt oder indirekt geldbasiert sind. more…
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This paper examines the construction of green money in Hungary in the context of
the transition from command to market economies in East/Central Europe. The
paper compares programmes developed endogenously in Hungary through the
diffusion of ideas about sustainability and economic democracy through
international activist networks with those developed by an Hungarian NGO with
support from western aid agencies.
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Zu den erklärten Zielen der meisten Regionalwährungsinitiativen zählt die Erhöhung der Kaufkraft innerhalb ihrer Region. Mittels Schöpfung eines komplementären Zahlungsmittels und der Förderung einer hohen Umlaufgeschwindigkeit soll die Liquiditätssituation regionaler Akteure verbessert und der regionale Handel angekurbelt werden. Ziel ist also u.a. eine Ausweitung der Liquidität zwecks Förderung der regionalen Wirtschaft.
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During the period 1995 – 2002, following its particular style of treating money scarcity and unemployment, Argentina developed an extraordinary movement of local currencies, that reached several million people. The institutional, political crisis in December 2001 caused a chaotic situation that had an impact on the running “barter networks”, that collapsed in about 90% or even disappeared in several regions.
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“No hay dinero” – “es gibt kein Geld”. Dieser Satz ist für Millionen Argentinier seit einigen Jahren die zentrale Sorge ihres alltäglichen Lebens. Arbeitslosigkeit und Armut im Land am Río de la Plata sind größtenteils die Folgen einer fehlerhaften Wirtschaftspolitik in den Neunzigerjahren. Seit 1998 befindet sich Argentinien dadurch in einer wirtschaftlichen Krise, die 2002 extreme Ausmaße annahm und rund die Hälfte der Argentinier zu einem Leben in Armut verbannt hat.
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During the past decade local currency systems have been established all over Germany and Europe. Often they orient themselves toward processes of regional sustainability. However, until now there is very little empirical evidence on how and to which extent these initiatives contribute toward sustainable development in their regions. more…
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This presentation reviews the UK experience with Time Banks, presenting findings
from the recent national survey of Time Banks. The challenge to create
sustainable communities is identified as a core priority in ‘Securing The
Future’, the UK government’s strategy for sustainable development. Tackling
social exclusion and building neighbourhood engagement are seen as principal
elements of that objective, and there is an urgent need for tools and
initiatives to achieve these aims.
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This paper examines an apparent dichotomy that lies at the heart of the contemporary financial system. On the hand, the financial system would appear to be becoming ever more complex and intricate, as financial innovation continues to develop even more exotic and complicated financial instruments and trading strategies: such developments serve to constantly churn and disturb the financial system, as profit and opportunity is sought in novelty and first-mover advantage.
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This paper draws on research into the stamped scrip schemes of Iowa during the period 1932-34. Unlike many forms of community money, stamped scrip was directly linked to the U.S. dollar. Following the example of Hawarden, at least twenty communities, and three counties, issued scrip. Excluding the case of Hawarden, where a wave of publicity guaranteed the success of the scheme, the paper analyses the factors affecting the success of the various schemes.
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