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More Than Money Literature Review

More Than Money Literature Review

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Published by Nesta
This literature review brings together the existing evidence of impact, outcomes and cost that exist across reciprocal exchange systems. Time banks, complementary currencies and peer-to-peer platforms for collaborative consumption are all examples of these reciprocal exchange systems, and to structure this review we have created a typology of different types of systems to organise the evidence.
This literature review brings together the existing evidence of impact, outcomes and cost that exist across reciprocal exchange systems. Time banks, complementary currencies and peer-to-peer platforms for collaborative consumption are all examples of these reciprocal exchange systems, and to structure this review we have created a typology of different types of systems to organise the evidence.

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Categories:Types, Research
Published by: Nesta on Nov 29, 2011
Copyright:Attribution Non-commercial

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04/26/2013

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MORE THAN MONEY
Literature review o the evidence baseon Reciprocal Exchange Systems
Julia SlayDISCUSSION PAPER
 
PART 1: THE CRISIS OF REFORM IN PUBLIC SERVICES2
 
CONTENTS2
CONTENTS
Introduction
 
3Part 1:
Social, local: time banks and service credits
5Part 2:
Social, national: Reward points
10Part 3:
Local, economic: local economic exchange
13Part 4:
Economic, national: Backed currencies
16Bibliography 17Useul copleentary currency sites and sources 19Endnotes 20
 
T
 
his literature review brings together theexisting evidence o impact, outcomes andcost that exist across reciprocal exchangesystems. Time banks, complementary currenciesand peer-to-peer platorms or collaborativeconsumption are all examples o these reciprocalexchange systems, and to structure this reviewwe have created a typology o dierent types osystems to organise the evidence.The typology is designed with public services inmind, and is organised around objectives. Themain distinction drawn is between two dierentkinds o reciprocal exchange:
1. Social exchange:
designed primarily tomotivate people’s behaviour, to meet socialobjectives (inormation unction dominant).
2. Econoic exchange:
designed primarily tocirculate and to meet economic objectives(store o value unction dominant).That gives a total o our types, which provide thestructure or the rest o this report as shown inthe table below.The review has been structured to outline theevidence ound within each typology group.Within these groupings the ndings have beenstructured to describe:
•
An overall analysis o the evidence andliterature.
•
Common outcomes identied by the literature.
•
Where available, an outline o a ew in-depthstudies and evaluations.
•
Bullet pointed evidence specic to individualcase studies.
•
Any direct evidence o cost benets orsavings.The scope o this review was international, andthe ocus was to gather evidence on outcomesand cost benets. The evidence has been largelygathered rom academic articles and evaluations,including sel-evaluations. A comprehensivereview o the major complementary currencywebsites and online libraries has been conducted
INTRODUCTION
INTRODUCTION3
Local National orinternationalSocialTie-based exchanges
, e.g. Member-to-Member,Skill Swap, Rushey Green, Spice, Care Banks.
Outcomes:
co-production, building condence,skills and social networks, supporting people orpersonal change or recovery, building community.
Reward points
, e.g. Nectar, Nu-spaapas, BlueDot, Young Scot, Wigan and Windsor, Time DollarYouth Court.
Outcomes:
Nudging behaviour, reducingemissions, building loyalty, recognising eort.
EconoicLocal currencies
, e.g. LETS, Brixton pound, Ithacahours, Stamp Scrip, Community Way, local barter.
Outcomes:
rebuilding local economies andemployment, using local resources moreeectively, valuing local waste, tackling poverty.
Backed currencies
, e.g. kWh money, Carbonpoints, Liberty Dollar, Terra, WIR, LLP money,goCarShare, C3.
Outcomes:
re-valuing local renewables, revaluingagricultural produce, providing reliable currency,paying people with sustainable value, supportingSMEs.

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