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Community Voices and Financial Choices: Unravelling the Impact of Representation on Rural Cooperative Banks

Author

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  • Amoako, Frimpong
  • Asuamah Yeboah, Samuel

Abstract

The study investigates the critical role of community representation within Rural Cooperative Banks (RCBs) and its influence on key decision-making processes, specifically, pertaining to financial policies, lending practices, and resource allocation. As RCBs play a pivotal role in providing financial services to local communities, understanding the dynamics of community representation within these institutions is essential. Through a comprehensive examination of the interactions between community voices and RCB operations, this research sheds light on whether and how local perspectives shape the accessibility of financial services for rural populations. By exploring the intricate relationship between representation and decision-making, this study contributes valuable insights to enhance the effectiveness of RCBs in serving their communities and promoting financial inclusivity.

Suggested Citation

  • Amoako, Frimpong & Asuamah Yeboah, Samuel, 2023. "Community Voices and Financial Choices: Unravelling the Impact of Representation on Rural Cooperative Banks," MPRA Paper 118634, University Library of Munich, Germany, revised 17 Sep 2023.
    • Handle: RePEc:pra:mprapa:118634
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    References listed on IDEAS

    as
    1. Ali Compaore & Montfort Mlachila & Rasmané Ouedraogo & Sandrine Sourouema, 2020. "The Impact of Conflict and Political Instability on Banking Crises in Developing Countries," Working Papers halshs-02499068, HAL.
    2. Morshadul Hasan & Thi Le & Ariful Hoque, 2021. "How does financial literacy impact on inclusive finance?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-23, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Community representation; Rural Cooperative Banks (RCBs); Decision-making processes; Financial policies; Lending practices; Resource allocation; Financial services; Rural communities; Access to finance; Financial inclusivity;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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