IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-05673-6_4.html
   My bibliography  Save this book chapter

Equity between Members

In: The Economics of Building Societies

Author

Listed:
  • T. J. Gough

Abstract

While the previous two chapters have been concerned with the two main categories of building society members (i.e. savers and borrowers) we have said little so far about the question of equity. Being mutual institutions, one would expect the building society movement to be interested in maintaining equity between these two categories. This view is supported by a statement by Mr Ralph Stow that interest policy was formulated ‘to bring about as far as possible the best balance of benefits between existing investing and borrowing members’.1 While the question of equity is partly in the building societies’ own realm through decisions on interest rates, it is also subject to a major outside influence — namely the rate of inflation. In this chapter we shall be particularly concerned with the real rates of return to building society investors and borrowers. But before turning to such matters it is necessary to say a little more about savers and borrowers.

Suggested Citation

  • T. J. Gough, 1982. "Equity between Members," Palgrave Macmillan Books, in: The Economics of Building Societies, chapter 4, pages 47-64, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05673-6_4
    DOI: 10.1007/978-1-349-05673-6_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-05673-6_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.