Finance in an age of austerity : the power of customer-owned banks Johnston Birchall.
Material type: TextPublication details: U.K.: Edward Elgar, 2013.Description: ix, 235 pISBN:- 9781781951835
- 334.2 23
Item type | Current library | Collection | Call number | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
BOOK | Ashok Goel Library, Rishihood University General stacks | Economic Collection | 334.2 BIR (Browse shelf(Opens below)) | 1 | Available | Economic Collection Dr. sujata & Sesh Foundation | RU00007541 |
"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.
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