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Citation

Birchall J (2013) Resilience in a Downturn: the power of financial co-operatives. International Labour Organization. http://ilo.org/wcmsp5/groups/public/---ed_emp/---emp_ent/---coop/documents/publication/wcms_207768.pdf

Abstract
First paragraph: Concern for addressing global imbalances and building resilience against crises requires setting out practical policy options available and examining their performance. This ILO report focuses on how financial cooperatives fare in times of crisis, addressing historical, statistical, conceptual, and policy aspects of the question. It recounts how financial cooperatives weathered the storm and came out strong while many investor-owned banks struggled for survival during the global economic crisis.

Notes
Also published in Korean, French, and Spanish by the International Labour Office, and in Japanese by Shinkin Central Bank.