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Brazilian Journal of Political Economy

versão impressa ISSN 0101-3157

Resumo

METTENHEIM, Kurt Von  e  BUTZBACH, Olivier. Alternative banking: theory and evidence from Europe. Rev. Econ. Polit. [online]. 2012, vol.32, n.4, pp.580-596. ISSN 0101-3157.  http://dx.doi.org/10.1590/S0101-31572012000400003.

Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary market-based banking theory. The realization of competitive advantages by alternative banks (savings banks, cooperative banks and development banks) has significant implications for conceptions of bank change, regulation and political economy.

Palavras-chave : cooperative banks; savings banks; development banks; banking theory; banking systems; bank performance; bank ownership.

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