Design principles for sustainable community currency projects
Sustainability Science - Trang 1-15 - 2024
Tóm tắt
Community currencies (CCs) are alternative forms of money usually issued and managed by citizens, NGOs and companies as well as local public administrations. Used to trade goods and services in limited territories or among a certain community, CCs are composed of symbolic, cultural, and social dimensions and fully immersed in particular economic and institutional contexts. Despite the increasing adoption of CCs, the discussion on guiding principles and values to address their purposes, particularly in relation to environmental sustainability issues is still scarce in the literature. Given this gap, this paper relies on the following research question: what are the design principles to be considered for community currency projects oriented to sustainable development goals? We follow the design science research paradigms to describe the design principles of a CC project. We analyze the institutional and economic context in which they are implemented, the goals for what they were created, the processes and mechanisms to rely upon their operation, and how they are evaluated according to their specific goals and to their implications to the sustainable development goals. It is important to emphasize that in this article we focus on improving the understanding of CC projects and what should be considered in their evaluation, however not to the extent on how they should be implemented. The design principles framework presented in this paper specifies guidelines to discuss principles to be considered within a range of different possibilities of diversified CC implementation strategies.
Tài liệu tham khảo
Alcantara C, Dick C (2017) Decolonization in a digital age: cryptocurrencies and indigenous self- determination in Canada. Can J Law Soc 31(1):19–35
Alves FM, Santos R, Penha-Lopes G (2022) Revisiting the missing link: an ecological theory of money for a regenerative economy. Sustainability 14(7):4309
Amato M, Fantacci L (2020) Complementary currencies. In: Battilossi S, Cassis Y, Yago K (eds) Handbook of the history of money and currency. Springer, Berlin, pp 501–522
Arno A (2005) Cobo and tabua in Fiji: two forms of cultural currency in an economy of sentiment. Am Ethnol 32(1):46–62
Avanzo S, Criscione T, Linares J, Schifanella C (2023) Universal basic income in a blockchain-based community currency. In: Proceedings of the 2023 ACM conference on information technology for social good. September 06–08, 2023, Lisbon, Portugal, pp 223–232. https://doi.org/10.1145/3582515.3609538 ACM, New York
Balaguer Rasillo X (2021) Alternative economies, digital innovation and commoning in grassroots organisations: analysing degrowth currencies in the Spanish region of Catalonia. Environ Policy Gov 31(3):175–185
Barinaga E (2017) Land, labour, capital: solidarity and inequality in a community currency. In: IV international conference on social and complementary currencies. Barcelona
Barinaga E (2020a) A route to commons-based democratic monies? Embedding the governance of money in traditional communal institutions. Front Blockchain 3:50
Barinaga E (2020b) The Miracle of Wörgl. Harvard Business Publishing, Brighton
Belmonte SM, Puig J, Roca M, Segura M (2021) Crisis mitigation through cash assistance to increase local consumption levels—a case study of a bimonetary system in Barcelona, Spain. J Risk Financ Manag 14(9):1–17
Bieri DS (2017) Regulatory space and the flow of funds across the hierarchy of money. In: Martin R, Pollard J (eds) Handbook on the geographies of money and finance. Edward Elgar Publishing, New York, pp 377–414
Blanc J (2011) Classifying “CCs”: community, complementary and local currencies types and generations. Int J Community Curr Res 15(D):4–10
Blanc J (2018) Making sense of the plurality of money: a Polanyian attempt. In: Gómez GM (ed) Monetary plurality in local, regional and global economies. Routledge, London, pp 48–66
Blanc J, Fare M (2013) Understanding the role of governments and administrations in the implementation of community and complementary currencies. Ann Public Cooper Econ 84(1):63–81
Blanc J, Fare M (2022) Community-based alternative currencies as drivers of new monetary arrangements. In: Vallet G, Kappes S, Rochon LP (eds) Central banking, monetary policy and the future of money. Edward Elgar Publishing, pp 245–271
Blanc J, Lakócai C (2020) Toward spatial analyses of local currencies: the case of France. Int J Community Curr Res 24(1):11–29
Brenes E (2011) Complementary currencies for sustainable local economies in Central America. Int J Community Curr Res 15:32–38
Carrillo CIP, Rosa JLDL, Peña PNC, Pharow P (2018) Identification of barriers and solutions for adoption of social, complementary and/or virtual currencies. Int J Community Curr Res 22:125–140
CCIA (2015) People powered money: designing, developing and delivering community currencies. Community Currencies in Action (CCIA). New Economics Foundation. https://monneta.org/en/people-powered-money-ccia/. Accessed 20 Aug 2022
Cernev A (2019) Mumbuca É Dinheiro. Rev Bras De Casos Gvcasos 9(2):10
Chasin F, Schmolke F, Becker J (2020) Design principles for digital community currencies. Paper presented at the 53rd Hawaii International Conference on System Sciences, Maui
Chibwara W (2020) Rural villages coping with COVID-19. Grassroots Economics Blog. https://www.grassrootseconomics.org/post/rural-villages-coping-with-covid-19. Accessed 9 Apr 2022
Coelho SL (2019) Moedas locais: reflexões sobre três casos em Portugal. J Stud Citizensh Sustain 4:110–122
Conill J, Castells M, Cardenas A, Servon L (2012) Beyond the crisis: the emergence of alternative economic practices. In: Castells M, Caraça J, Cardoso G (eds) Aftermath: the cultures of the economic crisis. Oxford University Press, Oxford, pp 210–250
Cronholm S, Göbel H (2018) Guidelines supporting the formulation of design principles. In: 29th Australasian conference on information systems (ACIS). Sydney, December 3–5, 2018
Crossley N (2021) A dependent structure of interdependence: structure and agency in relational perspective. Sociology 56:166–182
DiMaggio PJ, Powell WW (1983) The iron cage revisited: institutional isomorphism and collective rationality in organizational fields. Am Sociol Rev 48:147–160
Dini P, Kioupkiolis A (2019) The alter-politics of complementary currencies: the case of Sardex. Cogent Soc Sci 5(1):1646625
Diniz E, Cernev A, Daneluzzi F, Rodrigues D (2018) Social cryptocurrencies: social finance organizations at the new era of digital community currencies. EGOS 2018 Colloquium, 34, Tallinn, Estonia
Diniz EH, Siqueira ES, van Heck E (2019) Taxonomy of digital community currency platforms. Inf Technol Dev 25(1):69–91
Diniz EH, Araujo MHD, Gonzalez L, Faria LAS, Cernev AK (2021) Basic income with digital community currency: digital platforms for public policies implementation during pandemic crisis. In: Proceedings GlobDev 2021, Austin. https://aisel.aisnet.org/globdev2021/8
Diprose G (2020) Transacting services through time banking: renegotiating equality and reshaping work. In: Gibson-Graham JK, Dombroski K (eds) The handbook of diverse economies, chapter 26. Edward Elgar Publishing, Cheltenham, pp 238–245
Edelman LB, Suchman MC (1997) The legal environments of organizations. Ann Rev Sociol 23(1):479–515
Eisenmann TR, Parker G, Van Alstyne M (2009) Opening platforms: how, when and why. Platf Mark Innov 6:131–162
Fama M, Lucarelli S, Orzi R (2020) Rethinking money, rebuilding communities: a multidimensional analysis of crypto and complementary currencies. Partecip Confl 13(1):337–359
Fantacci L (2005) Complementary currencies: a prospect on money from a retrospect on premodern practices. Financ Hist Rev 12(1):43–61
França ASL, Neto JA, Gonçalves RF, Almeida CMVB (2020) Proposing the use of blockchain to improve the solid waste management in small municipalities. J Clean Prod 244:118529
Freire MV (2009) Social Economy and Central banks: legal and regulatory issues on social currencies (social money) as a public policy instrument consistent with monetary policy. IJCCR (int J Community Curr Res) 13:76–94
Friis G, Glaser F (2018) Extending blockchain technology to host customizable and interoperable community currencies. Int J Community Curr Res 22:71–84
Fullerton JOHN (2018) Finance for a regenerative world. Capital Institute, New York
Gomez GM (2010) What was the deal for the participants of the Argentine local currency systems, the Redes de Trueque? Environ Plan A 42(7):1669–1685
Gómez GL, Demmler M (2018) Social currencies and cryptocurrencies: characteristics, risks and comparative analysis. CIRIEC Esp Rev De Econ Públ Soc Cooper 93:265–291
Gonzalez L, Cernev AK, Araujo MHD, Diniz EH (2020) Moedas complementares digitais e políticas públicas durante a crise da COVID-19. Rev De Adm Públ 54:1146–1160
Greco TH Jr (2021) Solar dollars: a complementary currency that incentivizes renewable energy. Front Built Environ 7:785145
Greenberg S (2001) Context as a dynamic construct. Hum Comput Interact 16(2–4):257–268
Gregor S, Chandra Kruse L, Seidel S (2020) Research perspectives: the anatomy of a design principle. J Assoc Inf Syst 21(6):1622–1652
Hancher L, Moran M (eds) (1989) Capitalism, culture, and economic regulation (No 3). Oxford University Press, Oxford
Harmon DJ, Haack P, Roulet TJ (2019) Microfoundations of institutions: a matter of structure versus agency or level of analysis? Acad Manag Rev 44(2):464–467
Hevner A, Chatterjee S (2010) Design science research in information systems. In: Design research in information systems, Integrated Series in Information Systems, vol 22. Springer, Boston. https://doi.org/10.1007/978-1-4419-5653-8_2
Hevner AR, March ST, Park J, Ram S (2004) Design science in information systems research. MIS Q 28:75–105
Howson P (2021) Distributed degrowth technology: challenges for blockchain beyond the green economy. Ecol Econ 184:107020
Hudon M, Meyer C (2016) A case study of microfinance and community development banks in Brazil: private or common goods? Nonprofit Volunt Sect Q 45(4_suppl):116S-133S
Iivari J, Rotvit Perlt Hansen M, Haj-Bolouri A (2021) A proposal for minimum reusability evaluation of design principles. Eur J Inf Syst 30(3):286–303
Ingham G (2004) The nature of money. Polity Press, Cambridge
Joachain H, Klopfert F (2012) Emerging trend of complementary currencies systems for environmental purposes: changes ahead. Int J Community Curr Res 16(D):156–168
Jones SD (2011) Money and Participatory Governance: a review of the literature. Int J Community Curr Res 15(A):56–68
Jones D, Gregor S (2007) The anatomy of a design theory. J Assoc Inf Syst 8(5):1
Kobayashi S, Yoshihisa M, Yoshida M (2017) Historical transition of community currencies in Japan (Paper). In: 4th international conference on social and complementary currencies. Barcelona, Spain
Koppenhagen N, Gaß O, Müller B (2012) Design science research in action—anatomy of success critical activities for rigor and relevance. In: Proceedings of the 20th European Conference on Information Systems (ECIS 2012), Barcelona
Larue L (2020) A conceptual framework for classifying currencies. Int J Commun Currency Res 24:45–60 https://doi.org/10.15133/j.ijccr.2020.004
Larue L, Meyer C, Hudon M, Sandberg J (2022) The ethics of alternative currencies. Bus Ethics Q 32(2):299–321
Lenis Escobar A, Rueda López R, Solano-Sánchez MÁ, García-Moreno García MDLB (2020) The role of complementary monetary system as an instrument to innovate the local financial system. J Open Innov Technol Mark Complex 6(4):141
Lietaer B, Hallsmith G (2006) Community currency guide. http://www.community-exchange.org/docs/community_currency_guide.pdf. Global Community Initiatives, Montpelier
Longhurst N, Seyfang G (2011) Complementary currencies: the state of the art. Int J Community Curr Res 15(D)
Martignoni J (2015) Cooperation and intertrade between community currencies. Int J Community Curr Res 19(D):137–151
Meyer C (2020) The commons: a model for understanding collective action and entrepreneurship in communities. J Bus Ventur 35(5):106034
Meyer C, Hudon M (2017) Alternative organizations in finance: commoning in complementary currencies. Organization 24(5):629–647
Meyer C, Hudon M (2019) Money and the commons: an investigation of complementary currencies and their ethical implications. J Bus Ethics 160:277–292
Michel A, Hudon M (2015) Community currencies and sustainable development: a systematic review. Ecol Econ 116:160–171
Miszczuk M (2018) Local currencies as an instrument for implementing the concept of sustainable development. Probl Ekorozw Probl Sustain Dev 13(2):83–90
Montecino J, Epstein G (2015) Did quantitative easing increase income inequality? Institute for New Economic Thinking Working Paper Series No. 28, SSRN: https://ssrn.com/abstract=2692637 or https://doi.org/10.2139/ssrn.2692637
Nakazato H, Lim S (2017) Community rebuilding processes in a disaster-damaged area through community currency: the pilot project of Domo in Kamaishi, Japan. Disaster Prev Manag Int J 26(1):79–93
North P (2014) Complementary currencies. In: Parker M, Cheney G, Fournier V, Land C (eds) The Routledge companion to alternative organization. Routledge, London, pp 206–218
Ondrus J, Gannamaneni A, Lyytinen K (2015) The impact of openness on the market potential of multi-sided platforms: a case study of mobile payment platforms. J Inf Technol 30(3):260–275
Ostrom E (1990) Governing the commons: the evolution of institutions for collective action. Cambridge University Press, Cambridge
Place C, Bindewald L (2015) Validating and improving the impact of complementary currency systems through impact assessment frameworks. Int J Community Curr Res 19(D):152–164
Place C, Calderon A, Stodder J, Wallimann I (2018) Swiss currency systems: atlas, compendium and chronicle of legal aspects. Int J Community Curr Res 22:85–104
Radeljak F (2018) Autonomy of community and complementary currencies in relation to state law. The Eusko, the Ekhi and the Txantxi in the Basque Country. Oñati Socio Legal Ser [online] 8(7):1041–1070
Ram S, Goes P (2021) Focusing on programmatic high impact information systems research, not theory, to address grand challenges. MIS Q 45(1):479–483
Rauschmayer F, Polzin C, Mock M, Omann I (2018) Examining collective action through the capability approach: the example of community currencies. J Hum Dev Capab 19(3):345–364
Rockström J, Sukhdev P (2016) The SDGs wedding cake. Stockholm Resilience Centre. https://www.stockholmresilience.org/research/research-news/2016-06-14-the-sdgs-wedding-cake.html. Accessed 10 Oct 2022
Rowan B (1982) Organizational structure and the institutional environment: the case of public schools. Adm Sci Q 27(2):259–279
Saito K, Morino E (2010) The brighter side of risks in peer-to-peer barter relationships. Future Gener Comput Syst 26(8):1300–1316
Sartori L (2020) The social life of sardex and liberex: Kin or acquaintances? A comparison between two mutual credit circuits in Italy. Partecip Confl 13(1):487–513
Sartori L, Dini P (2016) From complementary currency to institution: a micro-macro study of the Sardex mutual credit system. Stato e Mercato 36(2):273–304
Seo MG, Creed WD (2002) Institutional contradictions, praxis, and institutional change: a dialectical perspective. Acad Manag Rev 27(2):222–247
Seyfang G, Longhurst N (2013) Growing green money? Mapping community currencies for sustainable development. Ecol Econ 86:65–77. https://doi.org/10.1016/j.ecolecon.2012.11.003
Sillen D, Wong PH, Türkeli S (2019) Community currency programmes as a tool for sustainable development: the cases of Mombasa and Nairobi Counties. Kenya. Tech. Rep. 2019-2. UNRISD, Geneva
Siqueira ACO, Honig B, Mariano S, Moraes J (2020) A commons strategy for promoting entrepreneurship and social capital: implications for community currencies, cryptocurrencies, and value exchange. J Bus Ethics 166(4):711–726
Stalnaker R (2014) Context. Oxford University Press, Oxford
Stodder J (2009) Complementary credit networks and macroeconomic stability: Switzerland’s Wirtschaftsring. J Econ Behav Organ 72(1):79–95
Telalbasic I (2017) Redesigning the concept of money: a service design perspective on complementary currency systems. J Des Bus Soc 3(1):21–44
Thiel C (2012) Moral money-the action guiding impact of complementary currencies. Int J Community Curr Res 16:91–96
Tiwana A (2014) Platform ecosystems: aligning architecture, governance, and strategy. Elsevier, New York
United Nations (2015) Transforming our world: the 2030 Agenda for Sustainable Development. General Assembly. Seventieth session. Resolution adopted by the General Assembly on 25 September 2015. https://www.un.org/ga/search/view_doc.asp?symbol=A/RES/70/1&Lang=E. Accessed 30 Nov 2021
Uzureau C, Furlonger D, Merji A (2019) Expand your token universe to create new business models. Gartner Research, Stamford
Vandervort D, Gaucas D, Jacques RS (2015) Issues in designing a bitcoin-like community currency. In: International conference on financial cryptography and data security. FC 2015 International Workshops, BITCOIN, WAHC, and Wearable, San Juan, Puerto Rico. Springer, Berlin, pp 78–91
Venable J, Pries-Heje J, Baskerville R (2016) FEDS: a framework for evaluation in design science research. Eur J Inf Syst 25(1):77–89
Watkins JP (2014) Quantitative easing as a means of reducing unemployment: a new version of trickle-down economics. J Econ Issues 48(2):431–440. https://doi.org/10.2753/JEI0021-3624480217
Wolk HI, Dodd JL, Rozycki JJ (2016) Accounting theory: conceptual issues in a political and economic environment. Sage Publications. https://doi.org/10.4135/9781506300108