KONEČNÝ, Alois, Zsuzsanna Eszter SZALAY and Petr JELÍNEK. Local Exchange Trading Systems in Central European post-Communist Countries. International Journal of Community Currency Research. 2012, 16 (D), No 1, p. 116-123. ISSN 1325-9547.
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Basic information
Original name Local Exchange Trading Systems in Central European post-Communist Countries
Authors KONEČNÝ, Alois (203 Czech Republic, guarantor, belonging to the institution), Zsuzsanna Eszter SZALAY (348 Hungary) and Petr JELÍNEK (203 Czech Republic).
Edition International Journal of Community Currency Research, 2012, 1325-9547.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher United Kingdom of Great Britain and Northern Ireland
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/12:00060379
Organization unit Faculty of Economics and Administration
Keywords in English Local Exchange Trade Systems; LETS; Central Europe
Tags International impact, Reviewed
Changed by Changed by: Ing. Bc. Alois Konečný, Ph.D., učo 62535. Changed: 11. 7. 2012 16:21.
This paper gives information about Local Exchange Trade Systems in the region of former Czechoslovakia, Poland and Hungary. The transition to a market economy proceeded in dif-ferent ways in these countries, but similar histories in the last century (communism under So-viet influence) led to only small differences among the countries in the level of motivation and power of their civil societies – and subsequently, in the vitality of LETS circles. In the Czech Republic, the first LETS circle was established in 1999; however, none is active at present. Similarly, in the Slovak Republic, out of 10 to 15 LETS circles formed between 2000 and 2005, only one works at the present time. LETS in Poland developed in the early 90’s but soon declined even though a few groups are still active today. LETS in Hungary was very passive, but there have been new signs and initiatives since 2004. The possible reasons for such LETS developments in the so-called Visegrad countries are also discussed in this paper.
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