The Economics of Financial Cooperatives

The Economics of Financial Cooperatives

Author: Amr Khafagy

Publisher: Routledge

Published: 2019-09-11

Total Pages: 197

ISBN-13: 1000702812

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Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.


Financial Cooperatives and Local Development

Financial Cooperatives and Local Development

Author: Silvio Goglio

Publisher: Routledge

Published: 2013-05-02

Total Pages: 281

ISBN-13: 1136253580

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This book examines the opportunities opened up for financial cooperatives by the recent financial crisis, and explores the role of these institutions in promoting and sustaining local development. The global financial crisis has not only shown the limits of the mainstream theory of markets and rational expectations, but has also generated a great deal of disillusionment with the banking system and underlined the importance of a healthy society for the welfare of the individual. Consequently, new and innovative ways of providing finance are needed, especially for strengthening the development of local societies.


Collective Courage

Collective Courage

Author: Jessica Gordon Nembhard

Publisher: Penn State Press

Published: 2015-06-13

Total Pages: 325

ISBN-13: 0271064269

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In Collective Courage, Jessica Gordon Nembhard chronicles African American cooperative business ownership and its place in the movements for Black civil rights and economic equality. Not since W. E. B. Du Bois’s 1907 Economic Co-operation Among Negro Americans has there been a full-length, nationwide study of African American cooperatives. Collective Courage extends that story into the twenty-first century. Many of the players are well known in the history of the African American experience: Du Bois, A. Philip Randolph and the Ladies' Auxiliary to the Brotherhood of Sleeping Car Porters, Nannie Helen Burroughs, Fannie Lou Hamer, Ella Jo Baker, George Schuyler and the Young Negroes’ Co-operative League, the Nation of Islam, and the Black Panther Party. Adding the cooperative movement to Black history results in a retelling of the African American experience, with an increased understanding of African American collective economic agency and grassroots economic organizing. To tell the story, Gordon Nembhard uses a variety of newspapers, period magazines, and journals; co-ops’ articles of incorporation, minutes from annual meetings, newsletters, budgets, and income statements; and scholarly books, memoirs, and biographies. These sources reveal the achievements and challenges of Black co-ops, collective economic action, and social entrepreneurship. Gordon Nembhard finds that African Americans, as well as other people of color and low-income people, have benefitted greatly from cooperative ownership and democratic economic participation throughout the nation’s history.


The Economics of Financial Cooperatives

The Economics of Financial Cooperatives

Author: Amr Khafagy

Publisher: Routledge

Published: 2019-09-11

Total Pages: 195

ISBN-13: 1000703037

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Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.


The Economics of Worker Cooperatives

The Economics of Worker Cooperatives

Author: John H. Pencavel

Publisher: Edward Elgar Publishing

Published: 2013

Total Pages: 0

ISBN-13: 9781781005330

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The economics of worker cooperatives is a branch of economic inquiry with a long and esteemed pedigree, dating at least from the work of John Stuart Mill in the mid-nineteenth century. Since then, leading economists have paid intermittent attention to the topic, but the collapse of state-sponsored socialism in Eastern Europe and growing discontent with loosely-fettered capitalism have resulted in a resurgence of interest in worker co-operatives as a method of enhancing productivity and reducing income inequalities without heavy government regulation. Professor Pencavel's judicious selection of articles by leading scholars conveys the vigour and rigour of this new empirical research. His original introduction provides an authoritative guide to past and current thinking in this topical area and raises important issues, which point the way for further contributions to the already rich literature.


Credit Cooperative Institutions in European Countries

Credit Cooperative Institutions in European Countries

Author: Simeon Karafolas

Publisher: Springer

Published: 2016-05-09

Total Pages: 444

ISBN-13: 3319287842

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This book offers a comparative analysis of credit cooperative systems across 23 European countries. Cooperative banking has an important place in the financial, economic and social life of most European countries, and while cooperative banks, credit mutuals, credit cooperatives and credit unions share the spirit of cooperation and mutuality, they often have very different features, history and development. The book examines the evolution and current model of each credit cooperative system, its importance for the national and local banking markets, as well as the impact of the financial crisis on cooperative banking, and also presents the sharp contrasts between these systems throughout the EU. It is of significant scientific and practical interest and enables policymakers, practitioners and academics at European and national levels to deepen their understanding of the evolution of the system and its governance.


Capital and the Debt Trap

Capital and the Debt Trap

Author: Claudia Sanchez Bajo

Publisher: Springer

Published: 2011-08-30

Total Pages: 289

ISBN-13: 023030852X

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The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.


Credit Cooperatives in India

Credit Cooperatives in India

Author: Biswa Swarup Misra

Publisher: Routledge

Published: 2010-04-08

Total Pages: 252

ISBN-13: 1136994033

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Credit cooperatives in India make up one of the largest rural financial systems in the world. Playing a vital role in dispensing credit in largely agricultural areas, they are also the weakest link in the formal credit delivery system. This book provides a valuable case study of the traditional banking system in this developing economy, exploring the reasons for the poor performance of credit cooperatives in India and suggesting measures to revitalise them. Although this sector has grown along with the micro-credit sector to provide finance for the poor and the less creditworthy borrowers, financing development still remains a major problem in the developing world. However, the financial health of credit cooperatives in India has been a matter of perennial concern. The author argues that cooperatives hold great promise for financial inclusion if the financial position of the cooperatives can be consolidated. Providing a detailed analysis of the historical evolution of cooperatives in India, the book establishes the link between different segments of this institutional system and their performance in a commercial sense to show that cooperatives occupy an important place in India’s financial edifice as they play a key role in the multi-agency framework for rural credit delivery. As such, the analysis provides a valuable reference for scholars of economics, Asian economics and finance.


Cooperatives in the Global Economy

Cooperatives in the Global Economy

Author: Tapas R. Dash

Publisher: Rowman & Littlefield

Published: 2021-05-19

Total Pages: 293

ISBN-13: 1498555233

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Cooperatives in the Global Economy presents a unique collection of research-based chapters contributed by leading social and economic thinkers that provide critical insights into how the cooperative business model meets the challenges of the complex global problems in today’s competitive economy. Apart from theoretical arguments in favor of the value-based cooperative business model, this book presents the performance indicators of various forms of cooperatives, their potentialities, and challenges they face across borders. The contributors reexamine how cooperatives empower the marginalized population of the world by bringing them into the mainstream of socio-economic activities through creating employment opportunities, working towards alleviation of poverty, ensuring for more equitable distribution of scarce resources, and providing the basis for a sustainable economy and its meaningful growth. Today, in the global competitive economy, the challenges for cooperatives are enormous due to their particular value commitments, forms of incorporation, and organizational structures. In spite of the presence of several challenges, cooperatives promote economic growth and social justice. In this context, this book also presents the critical roles of cooperatives in balancing economic, social, and environmental concerns to build a better, equitable, and sustainable world.