Chapter 3: The evolution of credit unions
There is a particularly acute collective action problem in relation to cooperative banks. They are costly to set up, requiring much dedicated time and effort, the learning of new skills and the building up of trust among large numbers of people. It also helps to have rich supporters who can invest the start-up capital. As in Europe, so in America, it took specialist promotion by individuals who were strongly motivated and well connected, such as Alphonse Desjardins in French-speaking Canada and Edward Filene in the USA.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.