Alternative banking: theory and evidence from Europe

Revista de Economia Política

Kurt Von Mettenheim²  Olivier Butzbach¹ 

[1] ,Fundação Getulio Vargas Escola de Administração de Empresas de São Paulo

关键词: cooperative banks;    savings banks;    development banks;    banking theory;    banking systems;    bank performance;    bank ownership;   

DOI  :  10.1590/S0101-31572012000400003

来源: SciELO

【 摘 要 】

Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary market-based banking theory. The realization of competitive advantages by alternative banks (savings banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy.

【 授权许可】

CC BY   
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