The Economics of Financial Cooperatives

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives.

Autorentext

Amr Khafagy works at the Countryside and Community Research Institute, University of Gloucestershire. His research explores the political economy of finance and the dynamics of income and wealth distribution, the economics of cooperatives, and the political economy of the Middle East. He has worked in the banking and microfinance sectors in Egypt and India.

Inhalt

1. Introduction: why financial cooperatives matter now 2. Finance, distribution and the economic objective of financial cooperatives 3. Financial cooperatives and income inequality: empirical evidence 4. Political economy theory for financial cooperative development 5. Political institutions and financial cooperative development: empirical evidence 6. The origin and rationale for financial cooperative regulation in underdeveloped economies 7. Regulation, supervision and deposit insurance for financial cooperatives: an empirical investigation Discussion and conclusions