Social Banking and Social Finance

Answers to the Economic Crisis

  • Roland Benedikter

Part of the SpringerBriefs in Business book series (BRIEFSBUSINESS)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Roland Benedikter
    Pages 1-128
  3. Back Matter
    Pages 129-133

About this book

Introduction

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.

Keywords

Economic Crisis Economic Crisis Economic Crisis Ethical Banking Ethical Banking Ethical Banking Microfinance Microfinance Microfinance Social Banking Social Banking Social Banking Social Finance Social Finance Social Finance Triple bottom line Triple bottom line Triple bottom line

Authors and affiliations

  • Roland Benedikter
    • 1
  1. 1.Stanford UniversityStanfordUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4419-7774-8
  • Copyright Information Roland Benedikter 2011
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4419-7773-1
  • Online ISBN 978-1-4419-7774-8
  • Series Print ISSN 2191-5482
  • About this book