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An extension to Taylor's model of credit unions.
- Source :
-
Review of Social Economy . Spring96, Vol. 54 Issue 1, p89-98. 10p. 5 Graphs. - Publication Year :
- 1996
-
Abstract
- En a series of papers, Taylor (1971, 1977, 1979) has proposed a theoretical model of Credit Union behavior emphasizing their non-profit and cooperative nature. Taylor (1979) represents the model in its most developed form. In this note his work is surveyed and a modification is proposed, namely the incorporation of current period endogenous reserve accumulation, which is very important in practice and which, it is suggested, fills a significant gap and makes his model more satisfactory as a representation of credit union behaviour in periods of asset growth or decline. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00346764
- Volume :
- 54
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Review of Social Economy
- Publication Type :
- Academic Journal
- Accession number :
- 9606160792
- Full Text :
- https://doi.org/10.1080/00346769600000004