We Take Mumbucas: Charting the Complementary Currency that’s Transforming a Brazilian City
Join JFI for a presentation and discussion on the mumbuca, a digital complementary currency introduced in Maricá, Brazil, as part of the city’s Solidarity Economy Program, as well as an interactive visualization of the mumbuca economy.
Featuring:
Andrea Gama, M.A. in economics at the Federal Fluminense University and report author
Julian Jonker, Assistant Professor of Legal Studies & Business Ethics at the Wharton School of the University of Pennsylvania
Emmanoel Boff, Professor of Economics, Federal Fluminense University
Read the report here: https://share.frnsys.com/mumbuca/
This report examines the mumbuca, a digital complementary currency introduced in Maricá, Brazil, as part of the city’s Solidarity Economy Program. Implemented in 2013 to combat poverty and promote local development, the program established the Mumbuca Bank, introduced the digital currency, and implemented a cash transfer program. By disbursing welfare in the form of the mumbuca, which can only be spent in Maricá, the city sought to stimulate local growth and prevent the outflow of municipal resources. The program has been successful, with 46% of issued mumbucas remaining in circulation within Maricá between 2018 and August 2020. Over 25% of residents utilize the local currency, and its acceptance is widespread among local businesses. The mumbuca has played a vital role in the municipal government’s welfare agenda, including a guaranteed income program and a pandemic response initiative. The report analyzes the evolution of the mumbuca, highlighting its countercyclical impact and contribution to local economic growth. Additionally, a series of interactive visualizations accompanies the report, illustrating the intricate flow of mumbucas from beneficiaries to businesses and beyond, showcasing the growing complexity of the mumbuca ecosystem.
Видео We Take Mumbucas: Charting the Complementary Currency that’s Transforming a Brazilian City канала JFI - Jain Family Institute
Featuring:
Andrea Gama, M.A. in economics at the Federal Fluminense University and report author
Julian Jonker, Assistant Professor of Legal Studies & Business Ethics at the Wharton School of the University of Pennsylvania
Emmanoel Boff, Professor of Economics, Federal Fluminense University
Read the report here: https://share.frnsys.com/mumbuca/
This report examines the mumbuca, a digital complementary currency introduced in Maricá, Brazil, as part of the city’s Solidarity Economy Program. Implemented in 2013 to combat poverty and promote local development, the program established the Mumbuca Bank, introduced the digital currency, and implemented a cash transfer program. By disbursing welfare in the form of the mumbuca, which can only be spent in Maricá, the city sought to stimulate local growth and prevent the outflow of municipal resources. The program has been successful, with 46% of issued mumbucas remaining in circulation within Maricá between 2018 and August 2020. Over 25% of residents utilize the local currency, and its acceptance is widespread among local businesses. The mumbuca has played a vital role in the municipal government’s welfare agenda, including a guaranteed income program and a pandemic response initiative. The report analyzes the evolution of the mumbuca, highlighting its countercyclical impact and contribution to local economic growth. Additionally, a series of interactive visualizations accompanies the report, illustrating the intricate flow of mumbucas from beneficiaries to businesses and beyond, showcasing the growing complexity of the mumbuca ecosystem.
Видео We Take Mumbucas: Charting the Complementary Currency that’s Transforming a Brazilian City канала JFI - Jain Family Institute
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29 июня 2023 г. 2:22:02
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