Complementary Currencies for Humanitarian Aid

The humanitarian sector has gone through a major shift toward injection of cash into vulnerable communities as its core modality. On this trajectory toward direct currency injection, something new has happened: namely the empowerment of communities to create their own local currencies, a tool known...

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Autores principales:	Leanne Ussher, Laura Ebert, Georgina M. Gómez, William O. Ruddick
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	Complementary Currency humanitarian aid cash transfers Red Cross backward linkages blockchain Risk in industry. Risk management HD61 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/0b1223c227484fbca38bfdbecc7c4966
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id	oai:doaj.org-article:0b1223c227484fbca38bfdbecc7c4966
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spelling	oai:doaj.org-article:0b1223c227484fbca38bfdbecc7c49662021-11-25T18:08:47ZComplementary Currencies for Humanitarian Aid10.3390/jrfm141105571911-80741911-8066https://doaj.org/article/0b1223c227484fbca38bfdbecc7c49662021-11-01T00:00:00Zhttps://www.mdpi.com/1911-8074/14/11/557https://doaj.org/toc/1911-8066https://doaj.org/toc/1911-8074The humanitarian sector has gone through a major shift toward injection of cash into vulnerable communities as its core modality. On this trajectory toward direct currency injection, something new has happened: namely the empowerment of communities to create their own local currencies, a tool known as Complementary Currency systems. This study mobilizes the concepts of endogenous regional development, import substitution and local market linkages as elaborated by Albert Hirschman and Jane Jacobs, to analyze the impact of a group of Complementary Currencies instituted by Grassroots Economics Foundation and the Red Cross in Kenya. The paper discusses humanitarian Cash and Voucher Assistance programs and compares them to a Complementary Currency system using Grassroots Economics as a case study. Transaction histories recorded on a blockchain and network visualizations show the ability of these Complementary Currencies to create diverse production capacity, dense local supply chains, and data for measuring the impact of humanitarian currency transfers. Since Complementary Currency systems prioritize both cooperation and localization, the paper argues that Complementary Currencies should become one of the tools in the Cash and Voucher Assistance toolbox.Leanne UssherLaura EbertGeorgina M. GómezWilliam O. RuddickMDPI AGarticleComplementary Currencyhumanitarian aidcash transfersRed Crossbackward linkagesblockchainRisk in industry. Risk managementHD61FinanceHG1-9999ENJournal of Risk and Financial Management, Vol 14, Iss 557, p 557 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Complementary Currency humanitarian aid cash transfers Red Cross backward linkages blockchain Risk in industry. Risk management HD61 Finance HG1-9999
spellingShingle	Complementary Currency humanitarian aid cash transfers Red Cross backward linkages blockchain Risk in industry. Risk management HD61 Finance HG1-9999 Leanne Ussher Laura Ebert Georgina M. Gómez William O. Ruddick Complementary Currencies for Humanitarian Aid
description	The humanitarian sector has gone through a major shift toward injection of cash into vulnerable communities as its core modality. On this trajectory toward direct currency injection, something new has happened: namely the empowerment of communities to create their own local currencies, a tool known as Complementary Currency systems. This study mobilizes the concepts of endogenous regional development, import substitution and local market linkages as elaborated by Albert Hirschman and Jane Jacobs, to analyze the impact of a group of Complementary Currencies instituted by Grassroots Economics Foundation and the Red Cross in Kenya. The paper discusses humanitarian Cash and Voucher Assistance programs and compares them to a Complementary Currency system using Grassroots Economics as a case study. Transaction histories recorded on a blockchain and network visualizations show the ability of these Complementary Currencies to create diverse production capacity, dense local supply chains, and data for measuring the impact of humanitarian currency transfers. Since Complementary Currency systems prioritize both cooperation and localization, the paper argues that Complementary Currencies should become one of the tools in the Cash and Voucher Assistance toolbox.
format	article
author	Leanne Ussher Laura Ebert Georgina M. Gómez William O. Ruddick
author_facet	Leanne Ussher Laura Ebert Georgina M. Gómez William O. Ruddick
author_sort	Leanne Ussher
title	Complementary Currencies for Humanitarian Aid
title_short	Complementary Currencies for Humanitarian Aid
title_full	Complementary Currencies for Humanitarian Aid
title_fullStr	Complementary Currencies for Humanitarian Aid
title_full_unstemmed	Complementary Currencies for Humanitarian Aid
title_sort	complementary currencies for humanitarian aid
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/0b1223c227484fbca38bfdbecc7c4966
work_keys_str_mv	AT leanneussher complementarycurrenciesforhumanitarianaid AT lauraebert complementarycurrenciesforhumanitarianaid AT georginamgomez complementarycurrenciesforhumanitarianaid AT williamoruddick complementarycurrenciesforhumanitarianaid
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Complementary Currencies for Humanitarian Aid

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