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.
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