International Journal of Community Currency Research

Announcing the publication of a new paper and book review on the
journal's website.

http://www.uea.ac.uk/env/ijccr/

1) An Economic Analysis Of Contemporary Local Currencies In The United
States

Since 1991, over 80 communities in the United States introduced
locally printed money. It is argued by proponents that community
currency systems revitalize local economies by keeping money
circulating locally rather than flowing out, but this study is the
first known in-depth economic analysis of these systems. Monetary
theory and the experience with local currencies in Argentina indicate
that in periods of financial instability and high unemployment, local
currencies might provide widespread economic benefits. The experience
of the United States during the 1990s, however, suggests that local
paper currencies do not promote local economic development during
periods of economic and financial stability. Seigniorage from local
currencies is small, and cities in the United States that attempted
local currencies during the 1990s did not experience higher rates of
growth in income than other cities. Eighty-five percent of the local
paper currency systems initiated in the United States since1991 have
become inactive.

2) a review of: Helmut Creutz (2008) Le Syndrome De La Monnaie. Vers
Une Economie De Marche Sans Crise. Reviewed by Jerome Blanc

with best wishes,

Gill
---------------------------------------
Dr Gill Seyfang
RCUK Academic Fellow
School of Environmental Sciences
University of East Anglia
Norwich NR4 7TJ, UK

tel: +44 (0) 1603 592956
personal: www.uea.ac.uk/~e175/
department: www.uea.ac.uk/env/





[Non-text portions of this message have been removed]