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Converting failed financial institutions into mutual organisations.

Abstract:

There are three reasons for promoting mutual building societies: they are less prone than banks to pursue risky speculative activity; a mixed system produces a more stable financial sector; and a stronger mutual sector enhances competition within the financial system. The banking crisis highlighted the importance of retaining diverse models of financial service providers, and while mutuals were affected by the recession, they were not themselves responsible for causing the recession, as were ...

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Publisher:
Routledge
Journal:
Journal of Social Entrepreneurship More from this journal
Volume:
1
Issue:
1
Pages:
1 - 40
Publication date:
2010-01-01
DOI:
ISSN:
1942-0676
Language:
English
UUID:
uuid:241da2af-94d1-4733-8894-c223f97c9ff4
Local pid:
oai:economics.ouls.ox.ac.uk:15197
Deposit date:
2011-08-16

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