Alternative banking : theory and evidence from Europe
By: METTENHEIM, Kurt Von
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Contributor(s): BUTZBACH, Olivier.
Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 2012Subject(s): Sistema Financeiro | Teoria Econômica | Modelo de Gestão | Regulação | EuropaRevista de Economia Política = Brazilian Journal of Political Economy 32, 4, p. 580-596Abstract: 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 ad theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary maket-based banking theory. The realization of competitive advantages by alternative banks (saving banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy.
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 ad theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary maket-based banking theory. The realization of competitive advantages by alternative banks (saving banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy.
v. 32, n. 4(129)
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