Complementary Currency Systems: Employability and Welfare

Maëlle Della Peruta and Dominique Torre ()

No 2015-48, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

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.

Keywords: Complementary currencies; scar effect; employability; mutual credit (search for similar items in EconPapers)
JEL-codes: A13 D61 E42 J46 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2015-12
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2015-48

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