Alternative Banking And Financial Crisis (banking, Money And International Finance)

The recent banking crisis has brought into question the business model used by most large banks. This collection of essays explores the success of ‘alternative banks’ – savings banks, cooperative banks and development banks, using case studies from around the world and discussion of both the historical and theoretical context of banking practices. CONTENTS 6 Acknowledgements 8 List of Contributors 10 List of Figures and Tables 14 Introduction 18 1. Alternative Banking History 28 2. The Comparitive Performance of Alternative Banks before the 2007–8 Crisis 46 3. The Counter-Cyclical Behaviour of Public and Private Banks 60 4. Explaining the Competitive Advantage of Alternative Banks 68 5. A Qualitative and Statistical Analysis of European Cooperative Banking Groups 88 6. The Persistence of the Three-Pillar Banking System in Germany 118 7. Alternative Banks in a Dualistic Economy 140 8. Alternative Banks on the Margin 164 9. The United States 186 10. BRIC Statecraft and Government Banks 196 11. Cooperative Banks in India 228 Conclusion 244 Notes 252 Index 288