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Reinventing Money: Monetary Experiments and Trust Creation in the Argentinean Barter Club (1980-2009).
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History.
2009 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This is a study of the Argentinean Complementary Currency System el Club de Trueque (CT), which during its peak in the year of 2002 provided for its 2.5 million members. Focus is put on its initial years of 1995-1996 and the monetary experiments that would lead to a means of payment that partly would substitute the Argentinean peso during the convertibility crisis. This essay explains how the CT managed to create trust in their currency.

Although the CT is a well researched phenomenon, this thesis offers some new information. First of all, the monetary development within the CT was not only driven by a practical need to lower transaction costs due to fast expansion—as previously assumed—rather, a confidence crisis was from the very start crucial for its development.

Another important discovery is that although the club was created during a period of strong recession and high rates of unemployment, personal economic problems did not, in fact, seem to be the motivation behind its invention; rather the motives were based on a criticism against the functions of the contemporary economic system.

Abstract [es]

Esta tesis trata sobre el Club de Trueque (CT), un sistema monetario complementario, el cual creó posibilidades de mantenimiento para sus 2,5 millones de miembros durante la crisis económica de Argentina en el año 2002. El foco de este estudio es la fundación del club durante los años 1995-1996. En este período se hicieron experimentos monetarios que iban a generar un medio de pago que parcialmente reemplazó al peso argentino durante la crisis de convertibilidad. Esta tesis explica como el CT logró crear confianza en su moneda.

Aunque el CT ha sido objeto de muchas investigaciones, ésta tesis ofrece información nueva. Ante todo, el desarrollo monetario en el CT no sólo tuvo su origen en la necesidad práctica de bajar los costos a causa de la rápida expansión del movimiento, sino que también, una crisis de confianza fue decisiva para el desarrollo desde el principio.

Otro descubrimiento importante es que la razón por la cual el club se formó no fue exclusivamente debido a problemas económicos personales, a pesar de que se fundó durante una recesión fuerte con tasas altas de desempleo. Los motivos tenían más que ver con un criticismo ideológico al sistema económico contemporáneo.

Place, publisher, year, edition, pages
2009. , p. 63
Keyword [en]
Complementary Currency System, Alternative Money, Trust, Confidence, Substitution, Club de Trueque, Red Global de Trueque
Keyword [es]
moneda social, dinero alternativo, confianza personal y interpersonal, substitución, Club de Trueque, Red Gobal de Trueque
National Category
Economic History
Identifiers
URN: urn:nbn:se:uu:diva-138068OAI: oai:DiVA.org:uu-138068DiVA, id: diva2:378745
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2010-12-16 Created: 2010-12-16 Last updated: 2011-04-12Bibliographically approved

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CiteExportLink to record
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