Cover Finance in an Age of Austerity

Finance in an Age of Austerity

The Power of Customer-owned Banks
This is a book in search of an alternative to the discredited investor-owned banks that have brought the rich countries into crisis and the world economy into a long period of austerity. It finds customer-owned banks – credit unions, co-operative banks, building societies – have hardly been affected by the crisis and continue to operate according to their organisational DNA: low-risk, close to the customer, underpinned by real savings, and still lending to SMEs to protect jobs and local economies. They are big business – in some countries with over 40% of the market – but networked in smaller, democratic societies whose origins go back to 1850s Germany.
Restricted access
Monograph Book
Published:
30 Apr 2013
Print ISBN:
9781781951835
eISBN:
9781781951842
DOI:
https://doi.org/10.4337/9781781951842
Pages:
256
Collection:
Business 2013
Buy Print
Redeem Token