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008 170103s2006 xx o ||||0 eng d
020 _a9780821366851
020 _z9780821366844
040 _aMiAaPQ
_beng
_erda
_epn
_cTR-AnTOB
_dMiAaPQ
041 0 _aeng
050 4 _aHG2039.D44
_bC84 2006
090 _aHG2039.D44
_bC84 2006
100 1 _aCuevas, Carlos E.
245 1 0 _aCooperative Financial Institutions :
_bIssues in Governance, Regulation, and Supervision.
264 1 _aHerndon :
_bWorld Bank Publications,
_c2006.
264 4 _c©2006.
300 _a74 pages
_c13 cm
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
505 0 _aContents -- Abstract -- Preface -- Abbreviations and Acronyms -- 1. Introduction -- 2. Governance and Risk -- Strengths -- Weaknesses: The Sources of Default Risk in a CFI -- 3. The Macro-governance -- Core Competences and the Search for Alliances -- Empirical Tests -- The Design and Evolution of Networks of CFIs -- 4. The Legal Environment -- The Roots of Cooperative Laws -- The NGO Movement Makes Its Appearance -- The Forces of Change -- CFI Laws and Banking Laws -- Guidelines for and Models of CFI Laws -- Marry the Legal Framework of CFIs and NGOs? -- Common and Other Laws -- 5. The Regulatory Framework -- A Review of the Main Issues -- The Debate over Delegated and Auxiliary Supervision -- Cost of Supervision: Who Should Bear It? -- Towards a Set of "Core Principles" of CFI Regulation and Supervision -- Appendix -- Global Overview -- Major Developed Country Systems and International Networks -- Cooperative Financial Institutions and Outreach to the Poor -- References -- LIST OF TABLES -- 1 Summary of Agency Conflicts by Institution -- 2 Classification of Regulation and Supervision Approaches -- LIST OF FIGURES -- 1 Mechanisms to Enforce Contracts in a Firm -- 2 Stakeholder Conflicts in a CFI -- 3 The CFI as a Financial Services Production Unit -- 4 CFI Networks as Input Pooling Alliances -- 5 Organization of the Typical Network -- A.1 Cooperative Financial Institutions:Selected Indicators 1996-2003 -- A.2 Market Penetration Ratios: Clients, Loans, Savings -- A.3 Growth in Penetration Ratios, 2002-2003 -- LIST OF BOXES -- 1 What Do We Mean By "CFI" ? -- 2 Delegated/Auxiliary Supervision.
520 _aThe paper addresses topics on which an agreement is necessary to arrive at consensus guidelines or "principles" of regulation and supervision of cooperative financial institutions (CFIs) in developing countries. Specifically we identify those aspects related to CFI industry structure, governance, legislation and regulation over which a well established base of knowledge exists; we point out the most important gaps in understanding and those over which a considerable degree of disagreement among stakeholders appears to exist and that require research to consolidate opinions. Three main topics covered are: (i) the fundamental structure of the sector in terms of its internal (micro) and inter-CFI (macro) organization, with focus on the agency conflicts inherent in the mutual structure, the extent to which they contribute to failure risk, and to whether and how these conflicts are controlled by existing governance mechanisms; (ii) the existing legal frameworks in an international context, their origins and the implications for the functioning of CFIs; and (iii) the regulatory frameworks under which CFIs operate and the different propositions by stakeholders about what should be an appropriate regulatory framework and an effective supervision mechanism.
588 _aDescription based on publisher supplied metadata and other sources.
590 _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 0 _aBanks and banking, Cooperative -- Developing countries.
650 0 _aElectronic books. -- local.
650 0 _aFinancial services industry -- Developing countries.
655 4 _aElectronic books.
700 1 _aFischer, Klaus P.
776 0 8 _iPrint version:
_aCuevas, Carlos E.
_tCooperative Financial Institutions : Issues in Governance, Regulation, and Supervision
_dHerndon : World Bank Publications,c2006
_z9780821366844
797 2 _aProQuest (Firm)
856 4 0 _uhttp://ebookcentral.proquest.com/lib/iyte/detail.action?docID=459408
_zClick to View
942 _2lcc
_cBK