Title
Finance in an Age of Austerity: The Power of Customerowned Banks,Used
Delivery time: 8-12 business days (International)
This is a book in search of an alternative to the discredited investorowned banks that have brought the rich countries into crisis and the world economy into a long period of austerity. It finds customerowned banks credit unions, cooperative banks, building societies have hardly been affected by the crisis and continue to operate according to their organisational DNA: lowrisk, 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.The book explores their history and current situation, measures the impact of the banking crisis, makes a systematic study of their advantages, compares them to alternatives (savings banks and microfinance institutions), and investigates their supervision and governance structures. It provides hard evidence for the superiority of customerowned banks.Finance in an Age of Austerity will appeal to public policy analysts and political commentators, academics and students interested in current issues concerning banking regulation, supervision and governance. Social commentators and campaigners concerned with providing an ethical alternative to casino capitalism and social economists wanting to develop a critique of the investorowned banking system will also find this book invaluable. It will be essential reading for banking specialists interested in broadening their understanding of a hidden sector that, since the crisis, has become much more significant.Contents:1. Introduction2. The Evolution of Cooperative Banks3. The Evolution of Credit Unions4. The Evolution of Mutual Building Societies5. The Evolution of Banks Owned by Other Types of Cooperative6. The Performance of Customerowned Banks During the Crisis7. The Comparative Advantages of Customerowned Banks8. Some Alternatives: Savings Banks and Microfinance Institutions9. Regulation, Governance and the Need for Member Participation10. What Motivates Members to Participate?11. Customerowned Businesses the Wider Picture12. Conclusion: A Cooperative CounternarrativeAppendix: A Note on TerminologyBibliographyIndex
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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