The Eusko’s trajectory. Hypotheses to understand the success of the complementary local currency of the Northern Basque Country

Dante Edme-Sanjurjo, Mathilde Fois Duclerc (), Yannick Lung, Julien Milanesi and Fabienne Pinos ()
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Mathilde Fois Duclerc: CED - Centre Émile Durkheim - IEP Bordeaux - Sciences Po Bordeaux - Institut d'études politiques de Bordeaux - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique
Fabienne Pinos: CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour

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Abstract: Launched in January 2013, the Eusko (complementary local currency of the Northern Basque Country in France) became the first local currency in Europe five years later, with the equivalent of more than one million euros in circulation, surpassing the Chiemgauer in Germany and the Bristol Pound in England. This paper aims to explain the development of this complementary local currency and to formulate hypotheses about the factors for its success. Part 1 gives a statistical overview of the Eusko's trajectory, analysing the distribution of this currency in its chronological and spatial dimensions. Part 2 focuses on the specificity of the territorial context, which is characterized by a high density of the associative and cooperative movements. Part 3 details the mobilizing organizational devices that contribute to the Eusko's success.

Keywords: Eusko; France; digitalization; complementary local currency; Basque country (search for similar items in EconPapers)
Date: 2020-09
Note: View the original document on HAL open archive server: https://hal.science/hal-02986127v1
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Citations: View citations in EconPapers (2)

Published in International Journal of Community Currency Research, 2020, 24 (2), pp.14-29. ⟨10.15133/j.ijccr.2020.009⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02986127

DOI: 10.15133/j.ijccr.2020.009

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