Interview: Ester Barinaga on her research
Title of projects, what they are about and partners:
I am involved in three different research projects, all related to local complementary currencies as tools to build more sustainable and inclusive cities.
The three projects are:
“Grassroots Financial Innovations for Inclusive Economic Growth”, funded by the Danish Ministry of Foreign Affairs. I coordinate the project.
The project investigates the governance practices, impacts and diffusion of grassroots innovations, which are developing financial and monetary infrastructures for inclusive economic growth in urban informal settlements in African countries. It is informed by the case of community currencies in the informal settlements of Kenya’s three major cities (Mombasa, Nairobi and Kisumu). Running throughout four years (2019-2023), the project uses a mix of quantitative and qualitative methods, all within a participatory action research approach. The project builds on collaborations with resident associations and community-based organisations in three informal settlements in Kisumu, the Kisumu County Council as well as Jaramogi University, Copenhagen Business School, Lund University and University of Gothenburg. The project brings together monetary and grassroots innovation studies in interdisciplinary research, contributing to the development and diffusion of financial and monetary infrastructures for urban informal settlements, and indicating a novel route for social enterprise and development aid.
“Special Purpose Money: Complementary digital currencies and the sustainable development goals”, funded by Formas. The research collaboration is led by Alexander Paulsson (Lund University).
The project investigates the foundation of special-purpose digital currencies (SPDC) and the extent to which their infrastructure enable the creation of a complementary socio-economic system that captures and transacts value realms other than those recognised by general purpose money (GPM). Building on a systematic review of the literature on local complementary economy initiatives as well as on empirical research of international case studies, the project aims to identify the factors, the stakeholders and monetary design traits required for the development of a SPDC that would encourage sustainable production and consumption. The research collaboration includes research institutions from five countries – Lund University in Sweden, Getulio Vargas Foundation and Sao Paulo Business School in Brazil, HEC Montréal Business School in Canada, Brunel University London in the UK, and Maastricht University in The Netherlands
“Complementary currency based Universal Basic Income (CC-UBI)”, funded by FRIBIS. I coordinate the project.
The project investigates the design and governance of UBI programs based on complementary currencies (CC-UBI), which are developing monetary and welfare infrastructures for inclusive, fair and sustainable economies. The project aims to build an empirically calibrated model of how the various levers of monetary and governance designs affect variables of economic and social interest – such as economic activity, savings, and citizen engagement – with a view to inform on the use of those levers to make CC-based UBI programs sustainable. The research collaboration includes the University of Girona (Spain) and Bard College (US).
Which theoretical framework and research methodologies do you adopt?
Theoretically, all three projects bring together monetary theory, political economy and grassroots innovation. This means building on the insights and concepts from an interdisciplinary range, from Ostrom’s political economy of the commons, to ANT sociology of translation and Baumol’s insights on entrepreneurship.
Research methods are interventionist, actively taking part in the grassroots entrepreneurial processes I also study. Typically, this involves a mix of qualitative empirical methods ranging from interviews and ethnographic observations to participatory co-design workshops and town halls.
How can your projects lead to sustainable impact?
Through the three projects, we hope to gain a better understanding of the diffusion strategies of grassroots currency innovations as well as of the monetary designs and governance rules that lead to sustainable, resilient and inclusive local community economies.
Learn more about Ester Barinaga's research in the Lund University Research Portal