Financial Cooperatives and Local Development -

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Résumé :
This book explores the role of financial co-operative models in promoting and sustaining local development. It argues that the 2008 financial crisis has shown the limits of the mainstream theory of markets and rational expectations, and therefore that new and innovative ways of providing finance are needed.

Sommaire:
Introduction: Cooperative Finance and Sustainable Local Development Y. Alexopoulos and S. Goglio Section 1: Stake-Holder Oriented Banks vs. Profit Maximising Banks: Differences in Performances 1. Why There is Ample Space for the Development of Co-operative Banking: A Minskyan Perspective E. De Antoni 2. Governance and Performance: Reassessing the Pre-Crisis Situation of European Banks G. Ferri, P. Kalmi and E. Kerola 3. Competition and Market Power within the Italian Banking System J.S. Lopez and S. Di Colli 4. Cooperative Capital: Why Our World Needs it? A.J. Robb, T.J. Webb and J.H. Smith Section 2: Beyond the Co-operative Bank toward Local Societies 5. Homo Dictyous Transforms Homo Oeconomicus: Homopolar Bonds in the Mindset of Hellenic Cooperative Banking in Crete Th. Katerinakis 6. The Case for Proactive Cooperative Banks in Local Development: Innovation, Growth and Community Building in Almeria, Spain C. Giagnocavo, L. Fernandez-Revuelta, D. Ucles 7. Cooperative Banks and Community Development in Japan R. Laratta and S. Nakagawa 8. Innovative Approaches to Cooperative Capital Use A. Artis and H. Blisse Section 3: Savings Mobilization and Local Development: Microcredit and Financial Cooperatives 9. Re-Discovering a Paradigm: The Promotion of Savings by Credit Unions within the UK Policy Context of Asset-Based Welfare A. Marchesini and P.A. Jones 10. Microfinance in Poverty Reduction in Bangladesh: Challenges and Opportunities M.M. Ahmad 11. A Microcredit Model to Activate Economy in Mexican Poverty Zones D.E. de la Cerda Gaza, M. del Rocio Arredondo Barrera, M.L. Martin Gonzales and M. de la Luz Bravo Santillana. Conclusions: New Opportunities for Cooperative Finance Y. Alexopoulos and S. Goglio