Alternative banking: theory and evidence from Europe
AUTOR(ES)
Mettenheim, Kurt Von, Butzbach, Olivier
FONTE
Brazil. J. Polit. Econ.
DATA DE PUBLICAÇÃO
2012-12
RESUMO
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.
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