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- This book is no longer available to purchase from Cambridge Core
- Publisher:
- Pickering & Chatto
- Online publication date:
- December 2014
- Online ISBN:
- 9781781440711
- Subjects:
- Economics, Finance and Accountancy
19th August 2024: digital purchasing is currently unavailable on Cambridge Core. Due to recent technical disruption affecting our publishing operation, we are experiencing some delays to publication. We are working hard to restore services as soon as possible and apologise for the inconvenience. For further updates please visit our website: https://www.cambridge.org/universitypress/about-us/news-and-blogs/cambridge-university-press-publishing-update-following-technical-disruption
The recent banking crisis has brought into question the business model used by most large banks in the United States and Europe. Post-crisis reforms have been announced, with calls for a return to ‘narrow banking’ methods, instead of commercial banks diversifying into areas traditionally offered by investments banks, and vice versa. In spite of wide-ranging debate on these reforms, the success of ‘alternative banks’ – savings banks, cooperative banks and development banks – has been largely overlooked. This success is all the more extraordinary as such banks are not expected to turn a profit. This collection of essays explores this paradox, using case studies from around the world and discussion of both the historical and theoretical context of banking practices.
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