'In money we trust': the issue of confidence in money in the Swiss WIR system

Guillaume Vallet

Chapter 11 in Central Banking, Monetary Policy and the Future of Money, 2022, pp 272-301 from Edward Elgar Publishing

Abstract: This paper addresses the issue of confidence in money by looking at the specific case of the WIR, a Swiss local currency in circulation for over eighty years. It relies on the three keystones identified by such French institutionalist authors as Michel Aglietta, André Orléan and Bruno Théret - methodical, hierarchical and ethical confidence. It argues that confidence in the WIR is strongest when these three conditions are met. Analyzing the interconnectedness of money as a "process" ‚Äì enmeshed with both a specific community and the entire Swiss monetary system - it explores the WIR's dual relationship with monetary unity and plural forms of money in a given monetary space.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2022
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