IDEAS home Printed from https://ideas.repec.org/a/pal/jofsma/v29y2024i2d10.1057_s41264-023-00231-x.html
   My bibliography  Save this article

A systematic review on social currency: a one-decade perspective

Author

Listed:
  • Bruno Nogueira Silva

    (Federal Rural University of Semi-Árido – UFERSA)

  • Wesley Vieira Silva

    (Federal University of Alagoas - UFAL)

  • Alvaro Fabiano Pereira Macêdo

    (Federal Rural University of Semi-Árido – UFERSA)

  • Natallya Almeida Levino

    (Federal University of Alagoas - UFAL)

  • Luciano Luiz Dalazen

    (Pontifical University Catholic of Paraná -PUCPPR)

  • Fabíola Kaczam

    (Federal University of Santa Maria)

  • Claudimar Pereira Veiga

    (Fundação Dom Cabral - FDC
    Universidade Federal do Paraná (Federal University of Parana))

Abstract

In consumer finance, certain experiences are recognized in international markets in the use of complementary and social currencies, due to their effects on social inclusion and the reduction of capital accumulation in a globalized economy. In this context, the article aims to review ten years of scientific production of social currency in the Scopus and Web of Science databases. In order to achieve the proposed objective, a systematic literature review was carried out, covering three stages: (1) planning the review, (2) conducting the review and (3) presentation of the final report. As a result of the content analysis of the textual corpus (n = 67), we now have an up-to-date overview of the literature, through (1) descriptive analysis, (2) bibliographic coupling analysis and (3) word analysis. In addition, as a main contribution, the following were identified: (1) a typology, formed by three classes, which capture contexts of the use of social currency; (2) a methodological framework; and (3) suggestions for the development of future research. In general, the results show that social currency can serve as a complementary currency to the solidarity economy, since the potential of this currency is not disconnected from objectives and normative standards. It is also known that social currency lends itself to emergency use, as it helps to minimize the anxieties of the excluded. However, for many markets, social currency remains a topic far removed from the reality of the underprivileged population. The findings also show the advances made in research focused on social currency, especially considering the contexts in which it is used.

Suggested Citation

  • Bruno Nogueira Silva & Wesley Vieira Silva & Alvaro Fabiano Pereira Macêdo & Natallya Almeida Levino & Luciano Luiz Dalazen & Fabíola Kaczam & Claudimar Pereira Veiga, 2024. "A systematic review on social currency: a one-decade perspective," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(2), pages 636-652, June.
  • Handle: RePEc:pal:jofsma:v:29:y:2024:i:2:d:10.1057_s41264-023-00231-x
    DOI: 10.1057/s41264-023-00231-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41264-023-00231-x
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1057/s41264-023-00231-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    2. Paulo Reis Mourao & Wiliam Retamiro, 2021. "Community development banks (CDB): a bibliometric analysis of the first 2 decades of scientific production," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(1), pages 477-493, January.
    3. Joachain, Hélène & Klopfert, Frédéric, 2014. "Smarter than metering? Coupling smart meters and complementary currencies to reinforce the motivation of households for energy savings," Ecological Economics, Elsevier, vol. 105(C), pages 89-96.
    4. Seyfang, Gill & Longhurst, Noel, 2013. "Growing green money? Mapping community currencies for sustainable development," Ecological Economics, Elsevier, vol. 86(C), pages 65-77.
    5. Kateřina Gawthorpe, 2017. "Competition of Currencies: An Alternative to Legal Tender," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(2), pages 198-212.
    6. Robert Hudson & Yaz Gulnur Muradoglu, 2020. "Personal routes into behavioural finance," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 12(1), pages 1-9, May.
    7. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(1 (Spring), pages 279-340.
    8. Dag W. Aksnes & Liv Langfeldt & Paul Wouters, 2019. "Citations, Citation Indicators, and Research Quality: An Overview of Basic Concepts and Theories," SAGE Open, , vol. 9(1), pages 21582440198, February.
    9. Muhammet Kesgin & Rajendran S. Murthy, 2019. "Consumer engagement: the role of social currency in online reviews," The Service Industries Journal, Taylor & Francis Journals, vol. 39(7-8), pages 609-636, June.
    10. Hossain, Mokter, 2018. "Grassroots innovation: The state of the art and future perspectives," Technology in Society, Elsevier, vol. 55(C), pages 63-69.
    11. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 279-340.
    12. Ana Cristina O. Siqueira & Benson Honig & Sandra Mariano & Joysi Moraes, 2020. "A Commons Strategy for Promoting Entrepreneurship and Social Capital: Implications for Community Currencies, Cryptocurrencies, and Value Exchange," Journal of Business Ethics, Springer, vol. 166(4), pages 711-726, November.
    13. M. M. Kessler, 1963. "Bibliographic coupling between scientific papers," American Documentation, Wiley Blackwell, vol. 14(1), pages 10-25, January.
    14. Thomas Mayer & Gunther Schnabl, 2020. "Post-COVID-19 EMU: Economic Distancing by Parallel Currencies," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(6), pages 387-391, November.
    15. Oliver Sanz, Esther, 2016. "Community currency (CCs) in Spain: An empirical study of their social effects," Ecological Economics, Elsevier, vol. 121(C), pages 20-27.
    16. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    17. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: Commoning in complementary currencies," ULB Institutional Repository 2013/259111, ULB -- Universite Libre de Bruxelles.
    18. Marie MF Fare & Carlos CF Freitas & Camille Meyer, 2015. "Territorial development and Community currencies :symbolic meanings in Brazilian Community development banks," ULB Institutional Repository 2013/218578, ULB -- Universite Libre de Bruxelles.
    19. Leo Egghe & Ronald Rousseau, 2002. "Co-citation, bibliographic coupling and a characterization of lattice citation networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 55(3), pages 349-361, November.
    20. Yakko Majuri, 2019. "Overcoming economic stagnation in low-income communities with programmable money," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 20(5), pages 594-610, November.
    21. Dangzhi Zhao & Andreas Strotmann, 2008. "Evolution of research activities and intellectual influences in information science 1996–2005: Introducing author bibliographic‐coupling analysis," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 59(13), pages 2070-2086, November.
    22. Nina K. G. Walker & Yong Chen, 2019. "Social Innovation in Tourism: Unleashing The Time-Money Constraint," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1700-1719, December.
    23. Massimo Aria & Michelangelo Misuraca & Maria Spano, 2020. "Mapping the Evolution of Social Research and Data Science on 30 Years of Social Indicators Research," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(3), pages 803-831, June.
    24. Georgina M. Gómez & Paolo Dini, 2016. "Making sense of a crank case: monetary diversity in Argentina (1999–2003)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(5), pages 1421-1437.
    25. Alessandro Spano & John Martin, 2018. "Complementary currencies: what role should they be playing in local and regional government?," Public Money & Management, Taylor & Francis Journals, vol. 38(2), pages 139-146, February.
    26. Michel, Arnaud & Hudon, Marek, 2015. "Community currencies and sustainable development: A systematic review," Ecological Economics, Elsevier, vol. 116(C), pages 160-171.
    27. Stefano Lucarelli & Lucio Gobbi, 2016. "Local clearing unions as stabilizers of local economic systems: a stock flow consistent perspective," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(5), pages 1397-1420.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Larue, Louis & Meyer, Camille & Hudon, Marek & Sandberg, Joakim, 2022. "The Ethics of Alternative Currencies," Business Ethics Quarterly, Cambridge University Press, vol. 32(2), pages 299-321, April.
    2. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    3. Reyns, Ariane, 2024. "What drives businesses to transact with complementary currencies?," Ecological Economics, Elsevier, vol. 220(C).
    4. Alexandra Lenis Escobar & Ramón Rueda López & Jorge E. García Guerrero & Enrique Salinas Cuadrado, 2020. "Design of Strategies for the Implementation and Management of a Complementary Monetary System Using the SWOT-AHP Methodology," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    5. Rodrigo de Oliveira Leite & Layla dos Santos Mendes & Roberto Tommasetti & Vinicius Mothe Maia & Rodrigo Soto Larrain, 2022. "The Role of Motivated Financial Institutions on Community Currencies Loans," IJFS, MDPI, vol. 10(4), pages 1-10, October.
    6. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: commoning in complementary currencies," Working Papers CEB 17-015, ULB -- Universite Libre de Bruxelles.
    7. Francisco Javier García-Corral & Jaime de Pablo-Valenciano & Juan Milán-García & José Antonio Cordero-García, 2020. "Complementary Currencies: An Analysis of the Creation Process Based on Sustainable Local Development Principles," Sustainability, MDPI, vol. 12(14), pages 1-22, July.
    8. Louis Larue, 2022. "The case against alternative currencies," Politics, Philosophy & Economics, , vol. 21(1), pages 75-93, February.
    9. Liu, Yunmei & Yang, Liu & Chen, Min, 2021. "A new citation concept: Triangular citation in the literature," Journal of Informetrics, Elsevier, vol. 15(2).
    10. Yun, Jinhyuk & Ahn, Sejung & Lee, June Young, 2020. "Return to basics: Clustering of scientific literature using structural information," Journal of Informetrics, Elsevier, vol. 14(4).
    11. Chaturvedi, Rijul & Verma, Sanjeev & Das, Ronnie & Dwivedi, Yogesh K., 2023. "Social companionship with artificial intelligence: Recent trends and future avenues," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    12. Paulo Reis Mourao & Wiliam Retamiro, 2021. "Community development banks (CDB): a bibliometric analysis of the first 2 decades of scientific production," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(1), pages 477-493, January.
    13. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    14. Georgina M. Gómez, 2019. "Money as an Institution: Rule versus Evolved Practice? Analysis of Multiple Currencies in Argentina," JRFM, MDPI, vol. 12(2), pages 1-14, May.
    15. Ashraf, Rohail & Khan, Muhammad Asif & Khuhro, Rafique Ahmed & Bhatti, Zeeshan Ahmed, 2022. "Knowledge creation dynamics of technological forecasting and social change special issues," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    16. Matti, Josh & Zhou, Yang, 2022. "Money is money: The economic impact of BerkShares," Ecological Economics, Elsevier, vol. 192(C).
    17. Filipe Moreira Alves & Rui Santos & Gil Penha-Lopes, 2022. "Revisiting the Missing Link: An Ecological Theory of Money for a Regenerative Economy," Sustainability, MDPI, vol. 14(7), pages 1-18, April.
    18. Ongo Nkoa, Bruno Emmanuel & Song, Jacques Simon, 2020. "Does institutional quality affect financial inclusion in Africa? A panel data analysis," Economic Systems, Elsevier, vol. 44(4).
    19. David N. Matzig & Clemens Schmid & Felix Riede, 2023. "Mapping the field of cultural evolutionary theory and methods in archaeology using bibliometric methods," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-17, December.
    20. David Damiyano & Stephen Mago, 2023. "An Analysis of the Impact of Financial Inclusion on Poverty and Development: Case of SACU Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 13(6), pages 141-147, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jofsma:v:29:y:2024:i:2:d:10.1057_s41264-023-00231-x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.