Universität zu Köln

Schwan, Michael ORCID: 0000-0003-0089-2742 . Weathering the Storm? Financialisation and German Savings Banks. New Polit. Econ.. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 1469-9923

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Abstract

This paper presents an amendment to and empirical application of the much-acclaimed concept of market-based banking to the case of GermanSparkassen.It does this by challenging both public and scholarly opinion on savings banks as resilient spearheads of traditional banking and relationship lending. Through a close and structured comparison of two thrift institutions in the context of the entire savings banks sector during three decades it demonstrates that alternative banks should not necessarily be considered as bulwarks against financialisation, but analysed more carefully with respect to various push and pull factors, while bearing in mind the changing context in which they operate. This not only opens up new paths for further research on the relationship of structure and agency in an era of finance-led accumulation but stimulates a critical debate on the prerequisites of and perils to not-solely for-profit financial services.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Schwan, Michael UNSPECIFIED orcid.org/0000-0003-0089-2742 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-329156
DOI:	10.1080/13563467.2020.1782365
Journal or Publication Title:	New Polit. Econ.
Publisher:	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Place of Publication:	ABINGDON
ISSN:	1469-9923
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language Economics; International Relations; Political Science Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/32915