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2017 | 18 | 3 | 492-500

Article title

CHARITY BANKING: UTOPIA OR AN ALTERNATIVE TO GREEDY FINANCE?

Content

Title variants

Languages of publication

EN

Abstracts

EN
This paper will examine so-called charity banking in terms of the idea, the current impact on the banking market and the social aspects for communities and depositors. The current state-of-art is presented and an attempt to assess whether “charity” & “social” are appropriate words to describe banking. The terms: social/charity banking, social money and social return are defined. Then there are examples of banking institutions engaged in a social/charity approach. In the last part authors triy to evaluate how much truth there is in the social/charity statements of such institutions.

Contributors

  • Collegium of Management and Finance, Warsaw School of Economics, Poland
  • Faculty of Law and Social Sciences, University of Castilla-La Mancha, Toledo, Spain

References

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  • Cecchetti S. G., Kaharougi E. (2012) Reassessing the Impact of Finance on Growth. BIS Working Papers 381.
  • Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields. Review of Financial Studies, 29(2), 457-485.
  • Easterlin R. A., Angelescu L. (2009) Happiness and Growth the World over: Time Series Evidence in the Happiness Income Paradox. IZA Discussion Paper (4060).
  • GABV (2015) Real Economy – Real Returns. The Power of Sustainability – Focused Banking 2015, Global Alliance for Banking on Values (GABV).
  • Keys B. J., Mukherjee T., Seru A., Vig V. (2010) Did Securitization Lead to Lax Screening? Evidence from Subprime Loans. Oxford Quarterly Journal of Economics, 125(1),
  • 307-362.
  • Weber O., Remer S. (2011) Social Banks and the Future of Sustainable Finance. London, Routledge.
  • Zelizer V. A. (1994) The Social Meaning of Money. Princeton University Press, New Jersey.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-78d5ecb7-01e0-4bf7-beda-82641086971e
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