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Regional Economics: Theory and Practice
 

The effectiveness of complementary currencies in terms of regional development: The experience of France

ISSUE 11, NOVEMBER 2025

Received: 19 June 2025

Accepted: 21 July 2025

Available online: 27 November 2025

Subject Heading: LOCAL MARKETS

JEL Classification: D71, E42, O47, Р25

Pages: 147-162

https://doi.org/10.24891/lltauz

Lyubov’ A. SHIRYAEVA Dubna State University, Dubna, Moscow Oblast, Russian Federation
shiryaeva@jinr.ru

https://orcid.org/0000-0002-1423-6802

Subject. This article discusses the prospects for the use of alternative monetary instruments and payment systems.
Objectives. The article aims to explore the relationship between crisis periods and the active use of complementary currencies, and to assess their prevalence depending on the region scale.
Methods. For the study, I used comparative and quantitative analyses.
Results. The article finds that the use of certain complementary currencies promotes the development of small businesses and increases employment, reducing dependence on national currencies. Projects involving the use of complementary currencies are generally implemented in small towns.
Relevance. The research findings can be used to develop or adjust comprehensive programmes for territorial development.

Keywords: complementary currency, sustainable development of regions, local economy, socioeconomic efficiency, France

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