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Social Banking and Social Finance

  • Roland Benedikter
Chapter
Part of the SpringerBriefs in Business book series (BRIEFSBUSINESS)

Abstract

This small volume provides a concise introduction to contemporary social banking and social finance. Written in a short and easily understandable manner, it explains the history, the philosophy, the current state, and the perspectives of social banking and social finance. It describes their place within the global economy and the visions of their “global alliances” for the years to come. The focus is on the basic mindset that gave birth to social banks about a century ago, and that still constitutes their main driving force in the age of globalization, and on the comparison of the current state of social banking in the United States and Europe. Since most social banks are found on both sides of the Atlantic, their interplay can be considered as instructive also regarding the worldwide development of social finance.

This volume consists of three parts. Part 1: Social banks have been among the most successful financial institutions worldwide during the economic crisis of 2007–2010 and have emerged strengthened by it. Therefore, the volume provides a short analysis of this crisis from the viewpoint of social banking and social finance. Part 2: It then describes the main ideas and methods of social banking as new approaches to money and finance, capable of re-orienting the financial system in order to avoid further crises. Part 3: Finally, it draws the perspective of how social banking and social finance – as integral parts of the growing global civil society and the broader international movement toward sustainability – may work together with the mainstream banking and finance industry by serving as “best practice” examples in selected fields.

Keywords

Financial and economic crisis of 2007–2010 Globalization Capitalism Civil society Financepeace Financial humanism Liberation finance Microfinance Social banking Social finance Sustainability Triple bottom line 

Further Readings

  1. F. De Clerck: Ethical Banking. In: L. Zsolnai, Z. Boda and L. Fekete (eds.): Ethical Prospects. Economy, Society and Environment, Springer 2009.Google Scholar
  2. R. Douthwaite: The Ecology of Money, Green Books, Dartington 2008.Google Scholar
  3. “Ethical Banking:” In: http://en.wikipedia.org/wiki/Ethical_banking (retrieved March 3, 2010).
  4. “Financial Crisis of 2007–2010.” In: http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932010 (retrieved March 5, 2010).
  5. Institute for Social Banking Bochum, Germany: http://www.social-banking.org/en/news/ (retrieved December 10, 2010).
  6. Institute for Social Banking Paper Series: http://www.social-banking.org/en/researchteaching/isb-paper-series/ (retrieved December 10, 2010).
  7. Institute for Social Banking recommended reading list on the future of social banking and social finance: http://www.social-banking.org/fileadmin/isb/file/ISBLiteratureResources.pdf (retrieved December 10, 2010).
  8. A. Marshall and U. Masen: Banking on Trees. In: Time Magazine, November 30, 2009, pp. 38–43.Google Scholar
  9. C. Scheire and S. De Maertelaere: Banking to make a difference. A preliminary research paper on the business models of the founding member banks of the Global Alliance for Banking on Values. Artevelde University College Gent, in cooperation with the Global Alliance for Banking on Values, supported by the European Social Fund, Artevelde Hogeschool Gent, June 2009.Google Scholar
  10. The United Nations Decade “Education for Sustainable Development” 2005–2014: http://www.unesco.org/en/esd/ (retrieved December 1, 2010).
  11. V. Vandelmeulebroucke, K. Beck and K. Käufer (eds.): Networking Social Finance. Edited by the International Association of Investors in the Social Economy INAISE, Brussels, June 2010, http://www.inaise.org.Google Scholar
  12. O. Weber and S. Remer (eds.): Social Banks and the Future of Sustainable Finance. Routledge International Studies in Money and Finance, London 2011 (forthcoming).Google Scholar

Copyright information

© Roland Benedikter 2011

Authors and Affiliations

  1. 1.Stanford University, The Europe CenterStanfordUSA

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