Resilience in a downturn [electronic resource] : the power of financial cooperatives.

Format:

Book

Contributor:

International Labour Office.

Language:

English

Subjects (All):

Financial crises.

Cooperative societies.

Physical Description:

xiii, 58 p. : ill.

Edition:

1st ed.

Place of Publication:

Geneva : International Labour Office, 2013.

Language Note:

English

Summary:

This new report addresses the historical, statistical, conceptual, and policy aspects of financial cooperatives, focusing in particular on how cooperatives fare in times of crisis. Importantly, it underscores that cooperatives’ success during the global financial crisis can provide a credible alternative to the investment-owned banking system.

Contents:

Intro

Foreword

Table of Contents

Abbreviations

Acknowledgements

Note about the author

Introduction

1. The invention and evolution of financial cooperatives

THE INVENTION OF FINANCIAL COOPERATIVES

GROWTH OF A MOVEMENT

FINANCIAL COOPERATIVES AND GOVERNMENTS

GOOD IN A CRISIS?

THE CURRENT SITUATION OF FINANCIAL COOPERATIVES

CONCLUSION

2. The effects of the recent banking crisis on financial cooperatives

PERFORMANCE OF COOPERATIVE BANKS BEFORE THE CRISIS

PERFORMANCE OF CREDIT UNIONS BEFORE THE CRISIS

COOPERATIVE BANKS DURING AND AFTER THE CRISIS

CREDIT UNIONS DURING AND AFTER THE CRISIS

3. The advantages and disadvantages of financial cooperatives

OWNERSHIP

CONTROL

BENEFIT

FEDERATION

THE WIDER BENEFITS OF FINANCIAL COOPERATIVES

4. Current issues and policy recommendations

THE RELATIONSHIP BETWEEN FINANCIAL COOPERATIVES ANDOTHER KINDS OF DEVELOPMENT

Bibliography

List of tables

Table 1.1 Basic statistics on European cooperative banks, ordered by market share of deposits in each country (2010)

Table 1.2: Credit union basic statistics, ordered by market penetration in each region for 2011

Table 2.1 European cooperative banks before the crisis: top 12 countries market share and EU totals

Table 2.2 Credit unions before the crisis

Table 2.3 European cooperative banks during and after the crisis: Top 12 countries by 2010 market share and EU totals

Table 2.4 Effects of the banking crisis on European cooperative banks over four years

Table 2.5 Credit unions during and after the crisis

Table 3.1 Some European cooperative banks' market share of loans,ordered by market share of loans to SMEs

List of figures

Figure 1A European cooperative banks: Market share of deposits (%).

Figure 1B European cooperative banks: Assets (Euros in billions)

Figure 2 Credit unions during and after crisis: World totals in millions US.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references.

ISBN:

92-2-127031-9

OCLC:

854520704