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La banque mutuelle : de l’utopie au marché des capitaux - Le cas britannique

Listed author(s):
  • Jan Toporowski
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    [fre] La banque mutuelle a des racines idéologiques importantes dans les mouvements sociaux français. Toutefois, si ces traditions idéologiques ont été un important facteur dans le développement de la banque mutuelle, elles ne l’ont pas préparée à un monde dans lequel les marchés de capitaux offrent, grâce à la spéculation financière, des solutions alternatives d’accumulation financière et de liquidités. En analysant le cas britannique, cet article soutient que les banques mutuelles, bien qu’elles ne soient pas moins compétitives que les banques commerciales, sont contraintes à une plus grande dépendance vis-à-vis des marchés de capitaux en plein essor par les réglementations bancaires actuelles qui servent mieux les exigences de capital des banques commerciales. Classification JEL : G21, G3, L2 [eng] Mutual banking : from the utopia to capital market - The British case Mutual banking has important ideological roots in French social movements. These ideological traditions have been an important factor in the development of mutual banking. However, they have not prepared mutual banking for a world in which capital markets offer alternative means of financial accumulation and liquidity through speculative finance. The paper argues that mutual banks, while no less competitive than commercial banks, are forced into a greater dependence on inflated capital markets by current banking regulations which serve better the capital requirements of commercial banks. JEL classifications : G21, G3, L2

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    Article provided by Programme National Persée in its journal Revue d'économie financière.

    Volume (Year): 67 (2002)
    Issue (Month): 3 ()
    Pages: 45-55

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    Handle: RePEc:prs:recofi:ecofi_0987-3368_2002_num_67_3_3572
    Note: DOI:10.3406/ecofi.2002.3572
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    1. Kindleberger, Charles P., 1993. "A Financial History of Western Europe," OUP Catalogue, Oxford University Press, edition 2, number 9780195077384.
    2. Alberto Chilosi, 2002. "Dühring’s “socialitarian” model of economic communes and its influence on the development of socialist thought and practice," Journal of Economic Studies, Emerald Group Publishing, vol. 29(4/5), pages 293-305, September.
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