• Corpus ID: 250643946

Circulation of a digital community currency

@inproceedings{Mattsson2022CirculationOA,
  title={Circulation of a digital community currency},
  author={Caroline Mattsson and Teodoro Criscione and Frank W. Takes},
  year={2022}
}
Circulation is the characteristic feature of successful currency systems, from community currencies to cryptocurrencies to national currencies. In this paper, we propose a network analysis methodology for studying circulation given a system’s digital transaction records. This is applied to Sarafu, a digital community currency active in Kenya over a period that saw considerable economic disruption due to the COVID-19 pandemic. Representing Sarafu as a network of monetary flow among the 40,000… 

Figures and Tables from this paper

Measuring the Velocity of Money

The velocity of money is an important driver of inflation that is conventionally measured as an average for an economy as a whole. While easy to calculate from macroeconomic aggregates, such measures

References

SHOWING 1-10 OF 78 REFERENCES

Cyclic motifs in the Sardex monetary network

Analyses of transactions in a new monetary system (Sardex community currency) reveal that transaction cycles increase in prevalence over time and that economic activity within these cycles is higher compared to linear transactions through the network.

Network Analyses of the Circulation Flow of Community Currency

The Japanese economy is emerging from a long-term recession following the bubble and is in the economic recovery phase. However, problems stemming from the widening economic disparity and the decline

The Rise of Digital Money

Payments systems around the world are evolving with the emergence of digital money issued by private firms and central banks. We provide a conceptual framework to compare and contrast traditional

Sarafu Community Inclusion Currency 2020–2021

We describe a dataset of account information and detailed transaction records for a digital complementary currency in Kenya. This “Sarafu system” initially encompassed several local, physical

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

Large-scale structure of a nation-wide production network

Abstract. Production in an economy is a set of firms’ activities as suppliers and customers; a firm buys goods from other firms, puts value added and sells products to others in a giant network of

Emergence and structure of decentralised trade networks around dark web marketplaces

This work carefully investigates and quantify the scale of U2U trading around DWMs by analysing 31 million Bitcoin transactions among users of 40 DWMs between June 2011 and Jan 2021 and reveals that half of the DWM users trade through U1U pairs generating a total trading volume greater than DWMs themselves.

Local Currency for Community Development: Policy Barriers and Support

Abstract Local currency holds promise for relieving poverty while enhancing social capital and helping communities meet goals. In spite of this, governmental policies have created barriers to its

Do the Rich Get Richer? An Empirical Analysis of the Bitcoin Transaction Network

Investigating the microscopic statistics of money movement, it is found that sublinear preferential attachment governs the evolution of the wealth distribution and a scaling law between the degree and wealth associated to individual nodes is reported.
...