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.
| ISBN: | 9780415698375 |
| Publication date: | 28th May 2012 |
| Author: | Silvio Goglio |
| Publisher: | Routledge an imprint of Taylor & Francis Ltd |
| Format: | Hardback |
| Pagination: | 238 pages |
| Series: | Routledge Studies in Development Economics |
| Genres: |
Banking Development economics and emerging economies |