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006			m o d |
007			cr cnu||||||||
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. _eauthor _9152420
245	1	0	_aCooperative financial institutions : _bissues in governance, regulation, and supervision / _cCarlos E. Cuevas, Klaus P. Fischer.
264		1	_aWashington, D.C. : _bWorld Bank, _c2006.
264		4	_c©2006
300			_aix, 59 pages : _billustrations ; _c26 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aBIB
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.
650		0	_aBanks and banking, Cooperative _zDeveloping countries _9152419
650		0	_aFinancial services industry _zDeveloping countries _9108056
700	1		_aFischer, Klaus Peter, _d1946- _eauthor _9152421
710	2		_aWorld Bank _919811
797	2		_aProQuest (Firm)
942			_2lcc _cBK
999			_c200428032 _d45956