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Risk Management in Early Banking Credit Risks: From Networks and Cooperation to Stable Markets

Risk Management in Early Banking : Credit Risks: From Networks and Cooperation to Stable Markets [This chapter focusses on how local savings banks invested the deposits and how they dealt with the risks connected to such activities. To a large extent, especially in the first phases of their development, the managers of savings banks had to rely on their personal and social network in order to minimize risk. In later stages, as the savings banks had built up their own financial competence, and as formal regulations regarding investments were introduced, granting credit and loans became more standardized processes and allowed the saving banks to compete with especially the commercial banks.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Risk Management in Early Banking Credit Risks: From Networks and Cooperation to Stable Markets

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References (6)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-80774-0
Pages
59 –83
DOI
10.1007/978-3-030-80775-7_5
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter focusses on how local savings banks invested the deposits and how they dealt with the risks connected to such activities. To a large extent, especially in the first phases of their development, the managers of savings banks had to rely on their personal and social network in order to minimize risk. In later stages, as the savings banks had built up their own financial competence, and as formal regulations regarding investments were introduced, granting credit and loans became more standardized processes and allowed the saving banks to compete with especially the commercial banks.]

Published: Aug 12, 2021

Keywords: Social networks; Cooperation; Insider lending; Competition; Standardization

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