Journals International Journal of Social Economics
Name
International Journal of Social Economics
Subjects
Goverance
Co-operatives
Financial crisis
Credit unions
Co-operative principles
Co-operatives
Financial crisis
Credit unions
Co-operative principles
ISSN
0306-8293
Description
The financial crisis of 2008 resulted in calls for change. Commentators suggested that co-operatives, in particular credit unions, could provide accountability and sustainability through their open governance and mutual status. However, such suggestions assumed that co-operative principles and practice continued to underpin the efficacy of co-operative banking, and that credit unions, one of the most prevalent forms of co-operative banking, could offer a viable financial alternative. Instead, in the case of Cyprus, the financial crisis and the associated aftershocks triggered the nationalisation and demutualisation of credit unions. This prompted the researchers to question both the viability of a co-operative banking future and the extent to which co-operative principles were shaping decision making, governance, accountability and sustainability. The paper aims to discuss these issues.
Impact Factor (2 years)
0.550
Publisher
Emerald
Journal Webpage
Journal type
Hybrid Journal