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Community Currencies as Crisis Response: Results From a Randomized Control Trial in Kenya

Rebecca Mqamelo

Цб CD 297

Детайли

Източник

Complementary Currency Systems Bridging Communities : Proceedings of 6th Biennial RAMICS Congress, 27-29 October, 2022, University of National and World Economy, Sofia, Bulgaria

Издателство

Monetary and Economic Research Center /MRC/

Местоиздаване

Sofia

Година на издаване

2023

Страници

222-246

Класификационен индекс

УДК	Тематика
336.74	Пари. Валута. Евро

Ключови думи

complementary currency, cryptocurrency, blockchain, cash transfer, COVID-19

Допълнителна информация

Отрасъл: Общ отдел
Анотация: This paper presents the results of what may be the world’s first randomized control trial on community currencies, focusing on Grassroots Economics Community Inclusion Currency (CIC) model run on the xDAI blockchain. Beneficiaries in Nairobi, Kenya were sent the equivalent of $30 in cryptocurrency tokens, enabling a level of impact evaluation usually unfeasible for most cash and mobile-money based transfer programs. Results show that CIC transfers of $30 are associated with $93.51 increase in beneficiaries wallet balance, a $23.17 increase in monthly CIC income, a $16.30 increase in monthly CIC spending, a $6.31 increase in average trade size and a $28.43 increase in expenditure on food and water. However, the difference in treatment effects for males versus females suggests gender imbalances persist. This study serves as an important prototype for novel cash transfer models and presents some of the first quantitative evidence in the application of cryptocurrencies for development.
Системен №: 107459
Тематични рубрики: Финанси. Данъци. Митническо дело. Банково дело
Геограрфски понятия: Кения

Community Currencies as Crisis Response: Results From a Randomized Control Trial in Kenya

Детайли

Допълнителна информация

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