European University Institute Library

Alternative banking and financial crisis, edited by Olivier Butzbach, Kurt von Mettenheim

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Alternative banking and financial crisis

bibliography

864090110

edited by Olivier Butzbach, Kurt von Mettenheim

Banking, money and international finance, 1

The recent banking crisis has brought into question the business model used by most large banks in the United States and Europe. Post-crisis reforms have been announced, with calls for a return to 'narrow banking' methods, instead of commercial banks diversifying into areas traditionally offered by investments banks, and vice versa. In spite of wide-ranging debate on these reforms, the success of 'alternative banks' - savings banks, cooperative banks and development banks - has been largely overlooked. This success is all the more extraordinary as such banks are not expected to turn a profit. This collection of essays explores this paradox, using case studies from around the world and discussion of both the historical and theoretical context of banking practices --, Provided by Publisher

Introduction - Olivier Butzbach and Kurt von Mettenheim Part I: Historical Context and Conceptual Framework 1 Alternative Banking History - Kurt von Mettenheim and Olivier Butzbach 2 The Comparative Performance of Alternative Banks before the 2007-8 Crisis - Olivier Butzbach and Kurt von Mettenheim 3 The Counter-Cyclical Behaviour of Public and Private Banks: An Overview of the Literature - Alfredo Schclarek 4 Explaining the Competitive Advantage of Alternative Banks: Towards an Alternative Banking Theory? - Olivier Butzbach and Kurt von Mettenheim Part II: Comparative Country Cases 5 A Qualitative and Statistical Analysis of European Cooperative Banking Groups - Hans Groeneveld 6 The Persistence of the Three-Pillar Banking System in Germany - Reinhard H. Schmidt, Dilek Bülbül and Ulrich Schüwer 7 Alternative Banks in a Dualistic Economy: The Case of Italy before and during the Euro Crisis - Luca Giordano and Antonio Lopes 8 Alternative Banks on the Margin: The Case of Building Societies in the United Kingdom - Olivier Butzbach 9 The United States: Alternative Banking from Mainstream to the Margins - Kurt von Mettenheim 10 BRIC Statecraft and Government Banks - Kurt von Mettenheim 11 Cooperative Banks in India: Alternative Banks Impervious to the Global Crisis? - Lakshmi Kumar Conclusion - Kurt von Mettenheim and Olivier Butzbach Notes Index