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Alternative banking: Theory and evidence from Europe

Author

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  • Kurt Von Mettenheim
  • Olivier Butzbach

Abstract

Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary market-based banking theory. The realization of competitive advantages by alternative banks (savings banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy. JEL Classification: G21.

Suggested Citation

  • Kurt Von Mettenheim & Olivier Butzbach, 2012. "Alternative banking: Theory and evidence from Europe," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(4), pages 580-596.
    • Handle: RePEc:ekm:repojs:v:32:y:2012:i:4:p:580-596:id:371
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/371/364
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    Citations

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    Cited by:

    1. Mettenheim Kurt, 2013. "Back to Basics in Banking Theory and Varieties of Finance Capitalism," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 357-405, May.
    2. Corbet, Shaen & Larkin, Charles, 2022. "The effects of German economic and political progress on the Sparkassen savings bank system," Research in International Business and Finance, Elsevier, vol. 61(C).

    More about this item

    Keywords

    cooperative banks; savings banks; development banks; banking theory; banking systems; bank performance; bank ownership;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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