The latest peer-reviewed publication in the Wisdom Letters series, produced by the University of Jyväskylä’s Resource Wisdom Community JYU.Wisdom, examines local currencies as part of the sustainability transition. The publication was written by Dr Teppo Eskelinen and Dr Marcus Petz.
The publication discusses the impacts of local currencies from a sustainability perspective, categorizes different types of local currencies, and compiles experiences from the research literature on various local currency systems.
According to authors, PhD Teppo Eskelinen and PhD Marcus Petz, local currencies can support the sustainability transition, and both social and ecological sustainability. However, this requires the longevity of these monetary systems, and a clear understanding of the circumstances and needs of each respective local economy as well as the purpose of the local currency system.
The researchers emphasize that creating a long-lasting local currency requires careful planning, clear and transparent criteria for inclusion in the system, and authorities' enabling and active role. The publication presents research-based recommendations for both activists planning to establish local currency systems as well as public authorities.
Wisdom Letters is a publication series by the Resource Wisdom Community JYU.Wisdom at the University of Jyväskylä.
Local currencies as part of enabling an ecologically and socially sustainable economy: Recommendations for establishment and implementation – this publication was written by Dr Teppo Eskelinen and Dr Marcus Petz.
https://urn.fi/URN:NBN:fi:jyu-202606024969
Further information:
- Marcus Petz, PhD, marcus.kit.petz@student.jyu.fi; University of Jyväskylä, Tel. +358 (0)40 821 1919
- Teppo Eskelinen, PhD, teppo.eskelinen@uef.fi; Senior Lecturer, University of Eastern Finland, Tel. +358 (0)50 428 9317
