Abstract
Co-operative banks are an important part of the European and North American financial landscape. They exist in most continental European countries and are especially prominent in France, Italy Austria, the Netherlands and Finland. They are less common in the formerly socialist countries of Eastern Europe, where the majority of banks are typically under foreign ownership, and in the Scandinavian countries, except Finland. In the UK they take the form of building societies and credit unions, but there the market shares are much below continental European averages. In the United States and in Canada they consist of credit unions and, in both countries, they serve close to 50 per cent of the economically active population (WOCCU 2012).
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© 2014 Giovanni Ferri and Panu Kalmi
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Ferri, G., Kalmi, P. (2014). Co-operative Banks: Their Contribution to the Stability and Diversity of the Financial System. In: Gijselinckx, C., Zhao, L., Novkovic, S. (eds) Co-operative Innovations in China and the West. Palgrave Macmillan, London. https://doi.org/10.1057/9781137277282_8
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DOI: https://doi.org/10.1057/9781137277282_8
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