Solidarity-based financing and local currencies: the Palmas case
, 11 January 2014
Camille Meyer is a doctoral student at the Free University of Brussels, CEB, The European Center of Research on Microfinancing (CERMi).
Often cited as an example of monetary innovation that is effective in the fight against poverty, the local currency used in Palmas is not well known, particularly outside of Brazil. Camille Meyer’s study shows that while its actual circulation and multiplier effect are modest, its implementation has nonetheless strengthened the neighborhood’s endogenous development.