WP 88 | 16 Social Enterprise: Social Co-operation in the Italian Welfare System and its Reproduction in Europe

This paper aims to investigate one of the first, if not the first, social enterprises in Europe, the Italian social cooperative. It begins with an analysis of the economic and social context of the 1970s that gave rise to this form of cooperative. This is followed by a statistical analysis, starting with the first survey conducted to monitor the phenomenon and concluding with the most recent statistical data. Read More

WP 84 | 16 Marco Legal y Desarrollo del Cooperativismo de Crédito en Argentina, 1887-2015

En este trabajo se describe la evolución de las cooperativas de crédito en Argentina desde finales de 1880 hasta la actualidad. El análisis presta particular atención a la influencia de factores políticos e institucionales. En términos más específicos, muestra cómo reiterados cambios en el marco legal y regulatorio, inducidos por la profunda inestabilidad del contexto político argentino, han afectado sustancialmente la dimensión y la estructura del sistema de cooperativas de crédito. Read More

WP 83 | 15 The Spirit of the Law over its Letter: The Role of Culture and Social Norms in Shielding Cooperative Banks from Systemic Shocks

The macroeconomic impact of bank misconduct has deterred users of financial services from using the system, to the detriment of market integrity, and has prompted policymakers and supervisors to turn to "culture" as a tool to regain public trust. This paper addresses the definitional deficit on what "culture" is by exploring the illustrative case of cooperative banks. Read More