Complementary Currency Systems Bridging Communities : Proceedings of 6th Biennial RAMICS Congress, 27-29 October, 2022, University of National and World Economy, Sofia, Bulgaria
While the 1990s international wave of LETS CC innovation has largely subsided, within the grassroots nonprofit sector in Japan, a particular daptation of the LETS mechanism has emerged as one model for the durable management of CCs in Japan. Using a multiple case study approach rooted in Grounded Theory, this paper investigates what separates these Japanese LETS adaptations (known as Passbook Communities) from their Western counterparts, as well as what characteristics have encouraged their development over the last 20 years. It finds that, in stark contrast to Western LETS systems, Japanese Passbook Communities have far less stringent funding and administration requirements. Furthermore, it finds that a link to rural revitalization, a compatibility with Japanese cultural norms as well as the innate flexibility of the LETS type passbook mechanism have encouraged the long-term development of the Passbook Communities investigated in this paper.
September, J., Kobayashi, S. Japanese Passbook Communities: An Investigation of the Japanese Adaptation of the Lets Community Currency Mechanism. Sofia: Monetary and Economic Research Center /MRC/, 2023 63-82,.
September, J., Kobayashi, S. Japanese Passbook Communities: An Investigation of the Japanese Adaptation of the Lets Community Currency Mechanism. Sofia: Monetary and Economic Research Center /MRC/, 2023 63-82,.
September, J., Kobayashi, S. (2023) Japanese Passbook Communities: An Investigation of the Japanese Adaptation of the Lets Community Currency Mechanism, Sofia: Monetary and Economic Research Center /MRC/ 63-82,.
September, J., & Kobayashi, S. (2023). Japanese Passbook Communities: An Investigation of the Japanese Adaptation of the Lets Community Currency Mechanism. Sofia: Monetary and Economic Research Center /MRC/, 63-82.
September J, Kobayashi S. Japanese Passbook Communities: An Investigation of the Japanese Adaptation of the Lets Community Currency Mechanism. Sofia: Monetary and Economic Research Center /MRC/; 2023. p. 63-82.
