TY  - UNPD
A1  - Bülbül, Dilek
A1  - Schmidt, Reinhard H.
A1  - Schüwer, Ulrich
T1  - Savings banks and cooperative banks in Europe
T2  - SAFE white paper series ; 5
N2  - Until about 25 years ago, almost all European countries had a so-called “three pillar” banking system comprising private banks, (public) savings banks and (mutual) cooperative banks. Since that time, several European countries have implemented far-reaching changes in their banking systems, which have more than anything else affected the two “pillars” of the savings and cooperative banks. The article describes the most important changes in Germany, Austria, France, Italy and Spain and characterizes the former and the current roles of savings banks and cooperative banks in these countries. A particular focus is placed on the German case, which is almost unique in so far as the German savings banks and cooperative banks have maintained most of their traditional features. The article concludes with a plea for diversity of institutional forms of banks and argues that it is important to safeguard the strengths of those types of banks that do not conform to the model of a large shareholder-oriented commercial bank.
T3  - SAFE white paper series - 5 
KW  - national systems of local banks
KW  - bank competition
KW  - performance indicators
Y1  - 2013
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/31553
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-315535
UR  - http://safe-frankfurt.de/policy-center/policy-publications/details/article/savings-banks-and-cooperative-banks-in-europe.html
SP  - 1
EP  - 21
PB  - SAFE
CY  - Frankfurt am Main
ER  -