Resilience in a Downturn: The Power of Financial Cooperatives

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en Limba Engleză Carte Paperback – 22 May 2014
This report addresses the historical, statistical, conceptual, and policy aspects of financial cooperatives, focusing on how they fare in times of crisis. Using the general success of cooperatives during the global financial crisis as an example, the report argues that they can provide a credible alternative to the investment-owned banking system. The report reveals that financial cooperatives have continued to provide banking services to people on low incomes, to stabilize the banking system, to regenerate local economies, and, indirectly, to create employment. It explains that cooperatives are able to do this because of their unique combination of member ownership, control, and benefit. It concludes with a set of policy recommendations for governments, development agencies, and other policymakers.
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ISBN-13: 9789221270300
ISBN-10: 9221270300
Pagini: 58
Dimensiuni: 152 x 241 mm
Editura: Brookings Institution Press
Colecția International Labor Office