Cooperative banks as local financial counterparties of self-government entities
Cooperative banks as local financial counterparties of self-government entities

Summary/Abstract: A shift in the approach of local self-government entities to financial management creates new challenges for cooperative banks. Self-governments expect from their local financial counterparties not just high quality banking services, but also joint activities aimed at the development of respective regions and at the innovations in financing of programmes and projects. The market for municipal bonds is a potential area of dynamic relationships with cooperative banks and their associating banks.

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