The Economics of Financial Cooperatives: Income Distribution, Political Economy and Regulation, 1st Edition (e-Book) book cover

The Economics of Financial Cooperatives

Income Distribution, Political Economy and Regulation, 1st Edition

By Amr Khafagy

Routledge

180 pages | 6 B/W Illus.

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pub: 2019-09-12
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Description

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. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones.

The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.

Table of Contents

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

About the Author

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.

About the Series

Banking, Money and International Finance

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS027000
BUSINESS & ECONOMICS / Finance
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUS045000
BUSINESS & ECONOMICS / Money & Monetary Policy
BUS068000
BUSINESS & ECONOMICS / Development / Economic Development
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory