A Report from Vermont (USA): The VBSR Marketplace creates mutual credit at statewide level Amy M. Kirschner Vermont Sustainable Exchange
IJCCR
amy@changethemarket.com
Abstract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
Introduction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
International Journal of Community Currency Research www.ijccr.net
Vermont Sustainable Exchange 9)%+.1B&'1?"&3$"+*%B$/&"&'21".1"6$%('1&?"3*/"*" +'1B"3./&'%0"2.&3",'(#+$($1&*%0",)%%$1,.$/" B'.1B">*,<".1&'"&3$"JKLM/7";'%$"%$,$1&+0?"5%'(" JKKLINMMO?"&3$"9)%+.1B&'1"P)%%$1,0"Q%'G$,&"" @9PQA",.%,)+*&$-"*"#*#$%?"H.*&I.//)$-"/,%.#" 23.,3"3*-"+.(.&$-"/),,$//7"!&".&R/"#$*<?"&3$%$" 2$%$"*>')&"JSM"#$'#+$"+./&$-"*/"($(>$%/">)&" /),,$//?"*/"-$H.1$-">0"*",'1/./&$1&"H+'2"'5" ,)%%$1,0?"2*/"1$=$%"*,3.$=$-"*1-"&3$"
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International Journal of Community Currency Research 15 (2011) D 68-72
68