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Journal

2010 | 150 | 193-209

Article title

Jak SKOK-i przetrwały kryzys finansowy?

Content

Title variants

EN
How Credit Unions Outlasted Financial Crisis?

Languages of publication

PL

Abstracts

EN
The article contains analysis of what conditions caused that credit unions (esp. Polish cooperative savings and credit unions – SKOK) coped with turbulences on financial markets. Credit unions in Poland as well as in other countries sustained crisis better then banks. The majority of credit unions in the world did not record significant problems. Moreover, they did not take part in the development of „subprime” economic markets. Then the question appeared: what characteristics caused that they were more resistant against turbulences. Conclusion seems to be, that the factors resisting credit unions for the crisis have the institutional and above cultural character.

Contributors

  • Akademia Leona Koźmińskiego, Jagiellońska 57/59, 03-301 Warszawa

References

  • Credit Union Bylaws, World Council of Credit Unions, Madison, 2000
  • History od Credit Union Movement, http://www.ccul.org/cuhistory.htm, s. 1
  • Ossowski, J., (2007). Spółdzielcze kasy i polskie tradycje instytucji ekonomii społecznej, w: Spółdzielcze kasy oszczędnościowo-kredytowe charakterystyka, rozwój, otoczenie. Sopot. FPZK
  • Raport WOCCU, 2009. Prepared for the United Nations Expert Group Meeting on Cooperatives April 28–30, 2009, New York
  • Statistical Report 2008, www.woccu.org, 01.09.2009
  • Voorhis J. (1059). Credit Unions. Basic Cooperatives, wyd. 2, Chicago, s. 18
  • www.woccu.org, 01.09.2009
  • www.skok.pl

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-7a387d3f-1086-4e14-a56f-dc88e942383e
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