Financial Cooperatives and Local Development

Business & Finance, Economics, Comparative Economics, Finance & Investing, Banks & Banking, Economic Development
Cover of the book Financial Cooperatives and Local Development by , Taylor and Francis
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Author: ISBN: 9781136253584
Publisher: Taylor and Francis Publication: May 2, 2013
Imprint: Routledge Language: English
Author:
ISBN: 9781136253584
Publisher: Taylor and Francis
Publication: May 2, 2013
Imprint: Routledge
Language: English

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.

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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.

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