<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422019000500011</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2020.1786</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Banca ética cooperativa: un análisis de las innovadoras operaciones de amortización de JAK Medlemsbank]]></article-title>
<article-title xml:lang="en"><![CDATA[Cooperative ethical banking: An analysis of innovative loan transaction of JAK Medlemsbank]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Valls Martínez]]></surname>
<given-names><![CDATA[María del Carmen]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ramírez Orellana]]></surname>
<given-names><![CDATA[Alicia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Abad Segura]]></surname>
<given-names><![CDATA[Emilio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Almería  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<volume>64</volume>
<numero>4</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422019000500011&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422019000500011&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422019000500011&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo estudia, desde un punto de vista financiero, el funcionamiento del sistema de depósitos y de créditos en la cooperativa bancaria ética sueca JAK, calculando cuál es el coste efectivo real de una operación de préstamo. Los resultados ponen de manifiesto que el original modelo de esta auto-denominada &#8220;banca libre de interés&#8221; sí supone en realidad para el prestatario un coste efectivo real en sus préstamos. Además, se muestra cómo, en circunstancias normales, este coste es muy superior al promedio del coste ofertado por los bancos tradicionales. Ello es debido a que JAK exige un depósito no remunerado de cuantía superior, debido a la aplicación de un coeficiente reductor, e igual plazo al del préstamo concedido. En consecuencia, considerando solamente criterios económicos personales, este tipo de banca no resulta atractiva. No obstante, si se tienen en cuenta los beneficios sociales, así como la posibilidad de ceder derechos de préstamo (puntos de ahorro positivos) a otros miembros, entonces su utilidad es considerable desde un punto de vista económico, por el bajo coste efectivo de la operación, y social.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article studies, from a financial point of view, the operation of the deposit and credit system in the Swedish ethical cooperative JAK, calculating the real effective cost of a loan transaction. The results show that the original model of this self-denominated &#8220;interest-free bank&#8221; really involves to the borrower a real effective cost. Furthermore, it shows how, in normal circumstances, this cost is fast higher than average cost offered by traditional banks. This fact is due to JAK requires a higher non-remunerated deposit, because of both the application of a reducing coefficient and the same term to the loan granted. Consequently, this kind of bank it is not attractive. However, when the social benefits are considered, as well as the possibility of obtaining loan rights to other members, its utility is considerable from an social and economic and point of view, due to the low effective cost of the operation.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Banca ética]]></kwd>
<kwd lng="es"><![CDATA[Tipo de interés]]></kwd>
<kwd lng="es"><![CDATA[Operaciones de préstamo]]></kwd>
<kwd lng="es"><![CDATA[Operaciones de ahorro]]></kwd>
<kwd lng="en"><![CDATA[Ethical banking]]></kwd>
<kwd lng="en"><![CDATA[Interest rate]]></kwd>
<kwd lng="en"><![CDATA[Loan transactions]]></kwd>
<kwd lng="en"><![CDATA[Savings operations]]></kwd>
</kwd-group>
</article-meta>
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