“…A third generation of CCS came into being in 1991 in the USA with the Ithaca Hour, and spread across the USA in various guises such as BerkShares (Collom, ; Jacob et al., ; Krohn and Snyder, ; Maurer, ; North, ). In 2003 it got a ‘second wind’ with the Regiogeld experiment in Germany (Gelleri, ; Kennedy and Lietaer, ; North and Weber, ; Thiel, ; Volkmann, ) and with the emergence of community development banks in Brazil (Borges, ; Franca Filho et al., ; Melo et al., ; Meyer, ; Neiva et al., ). In the 2000s it appeared in the UK with the local currencies of the Transition Towns movement at Totnes (in 2006) and Lewes (in 2008), then at Stroud and Brixton in 2009, and Bristol in 2012 (Graugaard, ; Longhurst, ; North, ; Ryan‐Collins, ; Scott Cato and Suárez, ).…”