Abstract

In times of economic crisis, in addition to bartering, alternative currencies often have a comeback and new alternative currencies are created: such is the case of WIR, an alternative currency parallel to the Swiss franc, which was created during the crisis of 1929 and is still being used today. WIR is simultaneously a currency, a bank, an exchange circuit and a marketing tool. This study illustrates the functioning of this unique currency.

Presenters

Ottavio Calzone
Economic Analyst, Finance, MPS Bank, Siena, Italy

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Economic, Social, and Cultural Context

KEYWORDS

WIR, Alternative Currencies, Barter Circles

Digital Media

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