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- W2145499255 abstract "0. Introduction Community currencies (CCs) in the form of redeemable coupons (hereafter called “CC coupons”) are currently gaining popularity in Japan. There are several types of coupons in Japan. Gift coupons are issued by various department stores or companies. They are usually used as gifts for special persons. They include beer coupons, book coupons and so on. Local coupons (or gift certificates) with a premium are usually issued by Chamber of Commerce in Japan. Local governments often bear expense of such a premium by using tax money to lift the local economy. In 1999, merchandise coupons were also issued by the Japanese central government to the heads of households who have children under 15 years old and the people aged 65 or older who meet certain requirements. They were introduced to stimulate consumers’ demands and escape from prolonged depression. These coupons in general have expiration dates. Consumer’s willingness to buy in the community was supposed to be encouraged by putting a premium on the coupons and setting expiration dates. This type of community currency (CC) is adding vitality to local communities by its use in both commercial and non-commercial transactions, bridging the gap between volunteer activities and the economic activities of local shops. They were introduced in an attempt to overcome the problems encountered by earlier CCs used in Japan. There are several previous researches that have examined the economic effects of CC coupons. Coe (1938) noted how their use in large shops and redemption would become obstacles to their circulation. Nishibe (2005, 2006a), Kichiji=Nishibe (2008) and Yamazaki (2008) verified the economic effects of CC coupons by considering their redemption, turnover and velocity of circulation. They also traced the circulation paths of CCs, showing what kinds of transactions they mediated and how they came to circulate within the community (Nishibe, 2008; Kichiji=Nishibe, 2008; Yamazaki=Yahagi, 2009). Nishibe and others showed how the use of CC coupons for non-commercial transactions produced created new demands for a local economy by the following successive uses for commercial transactions." @default.
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- W2145499255 date "1996-12-01" @default.
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- W2145499255 title "Globalization and regional integration" @default.
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