By Carlos E. Cuevas
A finished overview of theoretical and empirical literature on cooperative monetary associations (CFIs) geared toward deciding on elements of the constitution, governance, criminal framework, rules and supervision the place vital wisdom gaps exist. The paper formulates a couple of propositions for trying out, which might give a contribution to delivering a foundation for universal criteria in rules and supervision of CFIs.
Read Online or Download Cooperative Financial Institutions: Issues in Governance, Regulation, And Supervision (World Bank Working Papers) PDF
Best public finance books
Durch die Liberalisierung der Versicherungsmärkte in der Europäischen Union hat die Versicherungsmathematik erheblich an Bedeutung gewonnen. Dies gilt vor allem für die Schadenversicherung, die den Schwerpunkt dieses Buches bildet. Neben den zentralen Themen der Tarifierung und Reservierung wird das individuelle und das kollektive Modell für den Gesamtschaden sowie die Mathematik der Rückversicherung und der Vergleich von Risiken behandelt.
Lately the U.S. financial system has been characterized through burgeoning price range and present account deficits and extending quantities of overseas capital inflows. For the united kingdom too, the price range deficit continues to be a important weak spot within the financial system. within the gentle of those difficulties this booklet provides a constant financial framework for analysing the consequences and implications of enormous bond-financed deficits.
This e-book provides the most recent examine within the box of Political economic system, facing the combination of economics and politics and how associations have an effect on social judgements. The authors are eminent students from the U. S. , Canada, Britain, Spain, Italy, Mexico and the Philippines. lots of them were encouraged by means of Nobel laureate Douglass North, who pioneered the hot institutional social sciences, or through William H.
This e-book explores how, via spirituality and the improvement of personality, Islamic monetary associations and Muslim groups can combine their companies with modern social accountability tasks to supply confident social and environmental effect. From the looming environmental obstacle to the divide among mainstream and extremist interpretations of Islam, the booklet addresses major questions dealing with Muslim groups – and humanity – and demonstrates why Islam should still take a seat ‘at the desk’ with different faiths and moral traditions discussing humanity’s nice hindrances.
- Debt Relief for the Poorest: An OED Review of the HIPC Initiative (Independent Evaluation Group Studies)
- Financing Government in the Transition--Bulgaria: The Political Economy of Tax Policies, Tax Bases, and Tax Evasion (World Bank Regional and)
- Pensions (Policy and Politics in the Twenty-First Century), 1st Edition
- Developing Country Debt and Economic Performance, Volume 1: The International Financial System (National Bureau of Economic Research Project Report)
- Sustainability Performance Evaluation System in Government: A Balanced Scorecard Approach Towards Sustainable Development
- Mathematical Models of Financial Derivatives (Springer Finance)
Additional resources for Cooperative Financial Institutions: Issues in Governance, Regulation, And Supervision (World Bank Working Papers)
The distinction is largely artiﬁcial because management can easily switch forth or back through a resolution in a general assembly and shifting moneys between accounts. Thus the distinction is an invitation to regulatory arbitrage. 31. In fact, some legal frameworks were designed to suppress the scope of the sector or of its integration structures. One example is Argentina’s in the 1970s. 32 World Bank Working Paper ■ The dual regime is seen as a transition towards a uniﬁed regime that covers the entire sector.
However, there are problems with the model at hand. 34 This makes the model unsuitable for other systems that respond to a different cultural tradition or present organizational features that are in conﬂict with this law. While the WOCCU document is careful to insist that the model is just a guideline, it is nonetheless very detailed in presenting a particular type of organization and regulatory 34. g. Henrÿ 2005). This is why we prefer to use the concept of principles. Analyzing in detail WOCCU’s model law would divert from the objectives of the document.
When the law was written the German CFI system had already achieved a high level of integration, a level of integration the British credit unions system has never been able to achieve. 2. The Law changed the nature of the CFI movement. The German model on which it was based was a self-help grass roots movement that grew out of speciﬁc local circumstances, building a sophisticated business structure that survives today. The German cooperative laws were written to provide legitimacy not only to the individual CFIs but to the entire self-governance structure that was built to provide the necessary conditions for growth and expansion.