Cooperative Credit System Research Articles

Usos e significados do dinheiro: uma análise das estratégias dos mediadores para atualização de circuitos econômicos

ABSTRACT: This study aims to understand the strategies adopted by the mediators to offer symbolic support for monetary transactions, operated from the access to credit for family farmers. To understand this question, a qualitative study was conducted in a Cooperative Credit System, called CRESOL SC / SR. The theoretical framework that guided the analysis of the information articulated the concepts of interpretive by McAdam, McCarthy and Zald (1999) with the notion of circuits by Zelizer (2005). The conclusion is that mediators work permanently in the construction of meanings for the use of money. Their strategies propose an alignment between the dimensions of instrumental rationality to the system of values, linking individual expectations of farmers with the organizational strategies of the economic circuit. Keywords: Interpretive frameworks, Economic circuits, Public policy, Culture, Cooperatives of credit.

O seguro depósito induz ao risco moral nas cooperativas de crédito brasileiras?: um estudo com dados em painel

Conflicting interests and imperfect monitoring can induce financial institutions covered by the deposit insurance to run into more risk than the level aimed by its fund administrator. We test if the establishment of the deposit insurance (FGS) of the Brazilian Cooperative Credit System (Sicoob) did not induce moral hazard. We use a panel composed of monthly data for 180 credit unions (61.43% of cooperatives affiliated to Sicoob). Panel data models' estimates using the Basel index as proxy for the risk exposure of cooperatives indicate that the FGS induced the moral hazard problem.

Review of 'India and the Global Financial Crisis' by Dr. V.Y. Reddy, Best Books, January 2010

India and the Global Financial Crisis comes from the experience. Dr. Reddy has shared his views on Indian Financial System in a very interesting fashion. This book is all about the development of Indian financial system and global financial crisis. Indian financial system has been a strong system during the global crisis. The most interesting question comes in mind is ‘what are the measures that could make Indian financial system very strong? The book clearly explains that these measures come from the understanding to the specific features of the system and then taking essential policy measures, which is being done in India. The author states that still there are issues for which appropriate policy measures has to be taken and RBI is making all possible efforts to take the right policy measures. The author mentions that 'In this light, a comprehensive framework to revive the cooperative credit system, revitalize the RRBs and reorient the commercial banking system needs to be given high priority while simultaneously encouraging and enabling the growth of the micro-finance movement in India, which has been very successful'.

Competitive Advantages and Challenges in the Italian Cooperative Credit System

Cooperative credit banks were established in the mid-19th century to overcome problems of opportunistic behaviour by borrowers. In Italy, they are currently playing a major role for the financial system and for the economy. They provide credit to individuals and households, as well as capital to small firms from sectors such as agriculture. These banks relate to a cooperative credit network that grants them an adequate level of competitiveness in the market. By effectively implementing democratic principles of governance and by focusing on relationship banking, they foster responsible behaviour, a crucial concept in times of crisis. This paper accounts for both the competitive advantages and the challenges faced by Italian cooperative credit banks. It suggests that a better understanding of their specifics would help to highlight the contribution of a sound cooperation to economics. Finally, it provides policy recommendations for a qualitative supervision of cooperative banks in order to increase the stability of the financial system.

Garantia Colectiva de Credito a Traves de Cooperativas de Credito Urbanas: Una Experiencia en El Sur del Brasil

Las cooperativas de crédito, de larga fecha, tienen una función prominente en la concesión de crédito al productor rural de la Región Sur del Brasil. Pero recientemente el empresario urbano de pequeño y medio porte pasó a ser también atendido por el sistema cooperativista de crédito.