Finance in an age of austerity the power of customer-owned banks / Johnston Birchall.
| Author/creator | Birchall, Johnston |
| Format | Electronic |
| Publication Info | Cheltenham, UK : Edward Elgar, [2013] |
| Description | ix, 235 pages ; 24 cm. |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Contents | Abbreviations -- Acknowledgements -- Introduction -- The evolution of cooperative banks -- The evolution of credit unions -- The evolution of mutual building societies -- The evolution of banks owned by other types of cooperative -- The performance of customer-owned banks during the crisis -- The comparative advantages of customer-owned banks -- Some alternatives: savings banks and micro-finance institutions -- Regulation, governance and the need for member participation -- What motivates members to participate? -- Customer-owned businesses- the wide picture -- Conclusion: a cooperative counter-narrative -- Appendix- a note on terminology -- Bibliography -- Index. |
| Abstract | "This is a book in search of an alternative to the discredited investor-owned banks that have brought the rich countries into crisis and the world economy into a long period of austerity. It finds customer-owned banks - credit unions, co-operative banks, building societies - have hardly been affected by the crisis and continue to operate according to their organisational DNA: low-risk, close to the customer, underpinned by real savings, and still lending to SMEs to protect jobs and local economies. They are big business - in some countries with over 40% of the market - but networked in smaller, democratic societies whose origins go back to 1850s Germany. The book explores their history and current situation, measures the impact of the banking crisis, makes a systematic study of their advantages, compares them to alternatives (savings banks and micro-finance institutions), and investigates their supervision and governance structures. It provides hard evidence for the superiority of customer-owned banks." -- Back cover. |
| Bibliography note | Includes bibliographical references (pages 215-228) and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2012951768 |
| ISBN | 9781781951835 |
| ISBN | 1781951837 (hbk.) |
| ISBN | 9781782544890 (pbk.) |
| ISBN | 1782544895 (pbk.) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |