Social Banking and Social Finance (eBook)

Answers to the Economic Crisis

Roland Benedikter (Autor)

eBook Download: PDF

2011 | 2011
XIV, 136 Seiten
Springer New York (Verlag)
978-1-4419-7774-8 (ISBN)

Infos

For over 2,000 years, banks have served to facilitate the exchange of money and to provide a variety of economic and financial services. During the most recent financial collapse and subsequent recession, beginning in 2008, banks have been vilified as perpetrators of the crisis, the public distrust compounded by massive public bailouts. Nevertheless, another form of banking has also emerged, with a focus on promoting economic sustainability, investing in community, providing opportunity for the disadvantaged, and supporting social, environmental, and ethical agendas. Social Banking and Social Finance traces the emergence of the 'bank with a conscience' and proposes a new approach to banking in the wake of the economic crisis. Featuring innovations and initiatives in banking from Europe, Canada, and the United States, Roland Benedikter presents an alternative to traditional banking practices that are focused exclusively on profit maximization. He argues that social banking is not about changing the system, but about improving some of its core features by putting into use the 'triple bottom line' principle of profit-people-planet. Important lessons can be learned by the success of social banks that may be useful for the greater task of improving the global financial system and avoiding economic crises in the future.

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For over 2,000 years, banks have served to facilitate the exchange of money and to provide a variety of economic and financial services. During the most recent financial collapse and subsequent recession, beginning in 2008, banks have been vilified as perpetrators of the crisis, the public distrust compounded by massive public bailouts. Nevertheless, another form of banking has also emerged, with a focus on promoting economic sustainability, investing in community, providing opportunity for the disadvantaged, and supporting social, environmental, and ethical agendas. Social Banking and Social Finance traces the emergence of the "e;bank with a conscience"e; and proposes a new approach to banking in the wake of the economic crisis. Featuring innovations and initiatives in banking from Europe, Canada, and the United States, Roland Benedikter presents an alternative to traditional banking practices that are focused exclusively on profit maximization. He argues that social banking is not about changing the system, but about improving some of its core features by putting into use the "e;triple bottom line"e; principle of profit-people-planet. Important lessons can be learned by the success of social banks that may be useful for the greater task of improving the global financial system and avoiding economic crises in the future.

Inhalt

Foreword 5
Introduction 7
Acknowledgments 9
Contents 10
Social Banking and Social Finance 11
1 Preface by the author: Recommendations on the Didactical Use of This Volume 11
2 The Financial and Economic Crisis of 2007 2010: A View from the Standpoint of Social Banking and Social Finance 15
3 Origins and Causes of the Crisis: The Sandglass Principle of the Mainstream Banking and Finance System Between 1989 and 2007 32
4 Social Banking and Social Finance: New Approaches to Money and Finance 48
5 What Is a Social Bank Definitions and Practices 59
6 What Is Money and What Is Capital According to Social Banking The Concept of Liberation Finance 62
7 What Is the Philosophy of a Social Bank 72
8 Where Do Social Banks Come From A Very Short History 78
9 The State of Social Banking and Social Finance Today: A Brief Comparison Between the United States and Europe 83
10 Seven Answers to the Financial Crisis 90
11 The More Important Challenge: Getting a Balanced and Integrative Viewpoint on Money and Finance 107
12 Ideas for a New Financial Humanism: The Interweaving of Three Core Solutions to the Financial and Economic Crisis in Order to Build a Better Future 116
13 Conclusion and Outlook 117
14 Epilogue: Toward a Financepeace The Integrative Mindset of Social Banking and Social Finance and Its Critics 129
Further Readings 137
About the Author 139
Critical Acclaim for This Publication 141

Produkt-Details

• Erscheint lt. Verlag: 13.1.2011
• Reihe/Serie: SpringerBriefs in Business
• Reihe/Serie: SpringerBriefs in Business
• Zusatzinfo: XIV, 136 p. 3 illus. in color.
• Verlagsort: New York
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Economic crisis • Ethical Banking • Microfinance • Social Banking • Social Finance • Triple bottom line
• ISBN-10: 1-4419-7774-0 / 1441977740
• ISBN-13: 978-1-4419-7774-8 / 9781441977748