Dimensions of organizational resilience in a local currency association: An analysis based on the Florain during the first Covid-19 lockdown

Abstract

In this paper, we investigate the dimensions of organizational resilience of a French local currency management association in the face of a shock. Our study focuses on the local currency of the Nancy area, the Florain, which suffered a sudden halt of exchanges during the first lockdown due to the Covid-19 pandemic (March 17, 2020 to May 11, 2020). We highlight that, like other organizations, the organizational resilience of the Florain’s management association stems from dimensions linked to its structure. However, we must add a territorial dimension specific to local currencies, which relates to the relations that the management association maintains with the geographical and political territory in which the local currency circulates.