Why Danish Credit Co-operatives were so unimportant
Denmark's credit cooperatives were introduced relatively late and were never as important to the Danish financial system as credit cooperatives in several similar European countries. This experience stands in contrast to the experience of other cooperative enterprises in Denmark, most notably cooperative creameries. We argue that the Danish experience does not reflect a lack of need for such institutions or an inability to adapt them to Danish conditions. Rather, in the 1860s rural Danish people had succeeded in adapting another form of financial institution, the savings bank, to serve the needs of the small borrowers who elsewhere were the main clientele of the credit cooperative. Thus much of the need for cooperatives had been satisfied by another institution. The Danish experience illustrates both the adaptability of financial institutions and the sensitivity of cooperatives to competition for their niche in the financial system.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" 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.
|Date of creation:||Dec 1997|
|Date of revision:|
|Publication status:||Published in: Scandinavian Economic History Review 46(2) 1998, 32-54|
|Contact details of provider:|| Postal: |
Phone: (+45) 35 32 30 10
Fax: +45 35 32 30 00
Web page: http://www.econ.ku.dk
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:kud:kuiedp:9725. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Hoffmann)
If references are entirely missing, you can add them using this form.