TY  - BOOK
AU  - Birchall,Johnston
TI  - Finance in an age of austerity: the power of customer-owned banks 
SN  - 9781781951835
U1  - 334.2 23
PY  - 2013///
CY  - U.K.
PB  - Edward Elgar
KW  - Banks and banking, Cooperative
KW  - Credit unions
KW  - BUSINESS & ECONOMICS / Banks & Banking
KW  - BUSINESS & ECONOMICS / Economics / General
KW  - Kreditmarkt
KW  - Kapitalmarkt
KW  - Fiskalpolitik
KW  - Finanzkrise
KW  - Bank
N2  - "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
ER  -