In his dissertation, Organizing Money: The process of implementing a complementary currency in a context of scarcity, he examines how complementary currencies are implemented in communities, drawing on observations from an international collaboration occurring in Kenya.
“I explored the organization of more inclusive and democratic monetary systems, focusing on how ideas, norms, humans, and technical elements are arranged with the aim to transform communities,” says Juan Ocampo.
Rethinking money in times of scarcity
Juan Ocampo’s research highlights how conventional financial systems often fail to meet the needs of people living in poverty. By examining the socio-technical dynamics of complementary currencies, he analyzed how designers, local communities, and NGOs shape these systems. His findings challenge conventional approaches to the implementation of money.
“Money implementation is not linear, it is a dynamic process that changes, and changes us, everywhere and all the time,” he says.
In his work, Juan Ocampo showed two foreign and different socio-technical visions for how complementary currencies should work. One approach focused on market networks and aid distribution, while the other prioritized self-governance and local adaptation. His research also revealed how unexpected behaviors and practices from the community of users reshaped the implementation process.
Surprising insights and practical implications
“What surprised me the most was how rarely we reflect on the socio-technical processes that shape monetary systems,” says Juan Ocampo. Viewing money solely as a commodity or a relation of debt, he argues, strips it of its capability to be re-organized in ways that can strengthen communities’ capacities to satisfy their particular needs.
His findings have practical applications for NGOs, policymakers, and communities seeking to use complementary currencies to foster democratic participation and improve community well-being.
“I am intrigued by the idea of vernacularity in money design, implementation, and use. I argue that the organizing of a complementary currency gives participants the opportunity to make use of culture and traditions to dignify their own visions of the future, and to re-signify foreign financial innovations in ways that can address their needs and practices.” he adds.
The Agenda 2030 Graduate School opened doors
Juan Ocampo’s academic journey was enriched by his time in the Agenda 2030 Graduate School.
“My experience with the Agenda 2030 Graduate School has been fun! Being part of the A2030 opened doors to opportunities and experiences I never anticipated. The most valuable aspect has been the relationships and collaborations I cultivated during these five years,” he says.
Juan Ocampo, described by colleagues as a “real idea generator,” is now extending his research to study the socio-technical dynamics of cryptocurrencies in Sweden. This time he is focusing on how EU financial regulations can impact vulnerable populations financial practices.
Link to Juan Ocampo's thesis Organizing Money: The process of implementing a complementary currency in a context of scarcity - portal.research.lu.se
Link to Juan Ocampo's personal page