Financial Cooperatives and Local Development

1st Edition

Silvio Goglio, Yiorgos Alexopoulos

Routledge
Published November 11, 2016
Reference - 238 Pages - 20 B/W Illustrations
ISBN 9781138215344 - CAT# Y290955
Series: Routledge Studies in Development Economics

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Summary

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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