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Ecological money and finance—upscaling local complementary currencies

Economics

Ecological money and finance—upscaling local complementary currencies

T. Lagoarde-ségot and A. Mathieu

Discover how local complementary currencies can drive sustainable development through a groundbreaking policy pathway proposed by Thomas Lagoarde-Ségot and Alban Mathieu. This research presents innovative solutions for economic expansion and banking stability that enhance sustainability practices.

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Playback language: English
Abstract
This paper proposes a policy pathway to upscale local complementary currencies (LCCs) for sustainable development. It reviews how LCCs embed monetary circulation within sustainability criteria, then presents a prototype policy where private banks swap SDG impact certificates of LCC loans for new reserve assets at the Central Bank. A PK-SFC model (106 equations) simulates the policy, showing short-lived economic expansion, increased banking stability, and structural change through enhanced systemic resilience and evolutionary fitness. Practical implications for sustainability policies are discussed.
Publisher
Humanities & Social Sciences Communications
Published On
Apr 30, 2024
Authors
Thomas Lagoarde-Ségot, Alban Mathieu
Tags
local complementary currencies
sustainable development
monetary circulation
banking stability
economic expansion
systemic resilience
SDG impact

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