By Kurt von Mettenheim, Olivier Butzbach
The new banking hindrance has introduced into query the enterprise version utilized by so much huge banks. This number of essays explores the luck of ‘alternative banks’ – rate reductions banks, cooperative banks and improvement banks, utilizing case reviews from around the globe and dialogue of either the old and theoretical context of banking practices.
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Extra info for Alternative Banking and Financial Crisis
Data collected by the Bundesbank from 1876 to 1976 and additional sources going further back in time indicate the evolution of alternative banking business models. These models provide sound references for sustainable social banking relevant today. Although at odds with concepts from market-based banking and private, shareholder-oriented corporate governance principles based on shareholders and separation of management from ownership, the evolution of basic categories of social banking reveal simple, stable and viable strategies of social banking that retain solid deposit bases (that reduce liquidity risk and funding costs) and shared wholesale operations that reduce costs for independent local and regional savings banks and cooperative banks.
Banking theory often provides powerful micro-explanations for why alternative banks succeed or fail. Fundamentals from banking theory about asset and liability management, corporate governance, balance sheet mismatch, credit portfolios and liquidity risk therefore inform this chapter. Further concepts about agency costs, transaction costs and bank governance also help describe why alternative banks, as banks, have often proved superior to private commercial and investment banks. Fourth, emphasis on the institutional foundations of competitive advantage in comparative political economy extends the analysis beyond banks to describe how broader social, political and public policy settings are critical for alternative banks.
5 per cent of total German banking assets), making it the third largest banking group in the world (behind BNP and RBS). 1 per cent of loans to non-financial firms in 2009. 9 per cent of loans in the country. Savings banks also remain important institutions in developing and emerging countries. Savings banks were an invention of the European Enlightenment; they are also a legacy of European colonization. 4 They remain so in the twenty-first century. Given the modernization of banking through the adoption of information technology, electronic and mobile banking, the recognition of microcredit and finance in development, and the importance of access to finance and banking services to alleviate poverty and promote social inclusion, it follows that large savings banks may provide important policy alternatives for developing countries.