Public Banks in the Age of Financialization
Show Less

Public Banks in the Age of Financialization

A Comparative Perspective

Edited by Christoph Scherrer

This book asks the important question of whether public banks are a better alternative to profit-seeking private banks. Do public banks provide finance for development? Do they serve as stability anchors in financial markets? What kind of governance keeps public banks accountable to the public? Theoretically the book draws on the works of Minsky for the question on stability and on interpretative policy analysis for the issue of governance. It compares empirically three countries with significant public banks: Brazil, Germany, and India.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 13: The stakeholder governance of microfinance

Magdalena Dieterle

Abstract

The author argues that stakeholder-based financial institutions with supportive governance structures and local ownership (whether explicit or implicit) can offer healthier and more stable growth, even in times of crisis, for the institutions, their customers, and the communities in which they are based. This claim is based on a look at the history of microfinance that goes back to Irish loan funds and an analysis of today’s microfinance institutions, especially those with a sense of client ownership.

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.


Further information

or login to access all content.