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Endogenous development and complementary currencies in Africa

Par Tristan Dissaux

12 décembre 2013

[français] [français]

Can local and complementary currencies offer African economies, which remain largely informal and are poorly served by the credit-currency available from private banks, an alternative path of development ? Examples include mutual credit in South Africa, local exchange systems in Kenya, regional currencies in Senegal, and time-currencies in Tunisia. Initial experiments seem rather promising, even if empirical studies that could offer a precise assessment are lacking.

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