The mismatch of credit in the banking system and the action of social economy: the path of restructuring

During the last five years, after the beginning of the financial crisis in 2007, one of the major banking restructuring was caused, both in a global perspective and in a domestic dimension for Spain. The credit entities of the social economy, savings banks and credit cooperatives, have led an extrao...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Ricardo Palomo Zurdo, Milagros Gutiérrez Fernández
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2013
Materias:	Crisis financiera cajas de ahorro cooperativas de crédito brecha financiera descrédito economía social. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/4215395f43344f8ca734f54e117c9d29
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:4215395f43344f8ca734f54e117c9d29
record_format	dspace
spelling	oai:doaj.org-article:4215395f43344f8ca734f54e117c9d292021-11-12T13:14:38ZThe mismatch of credit in the banking system and the action of social economy: the path of restructuring1135-66181885-803110.5209/rev_REVE.2012.v109.40653https://doaj.org/article/4215395f43344f8ca734f54e117c9d292013-01-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/40653https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031During the last five years, after the beginning of the financial crisis in 2007, one of the major banking restructuring was caused, both in a global perspective and in a domestic dimension for Spain. The credit entities of the social economy, savings banks and credit cooperatives, have led an extraordinary concentration process. The first credit entities, suffered a radical transformation that has modified their corporate structure by converting many of them into banks, and consequently, its business model. From another perspective, the crisis has revealed the failure of financial institutions to fulfill their primary mission as credit entities. Its threatened solvency, the need to implement a strict risk control and the high default rates have led to an unprecedented restriction of lending which has ended up crushing much of the real economy or production. The three financial reforms approved by August 2012 have generated certain “discredit” between society for its direct and indirect high cost that bind to the "discredited" by the credit squeeze that the sector and reforms imposedRicardo Palomo ZurdoMilagros Gutiérrez FernándezAECOOP Escuela de Estudios CooperativosarticleCrisis financieracajas de ahorrocooperativas de créditobrecha financieradescréditoeconomía social.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 109, Iss 0, Pp 138-169 (2013)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	Crisis financiera cajas de ahorro cooperativas de crédito brecha financiera descrédito economía social. Economics as a science HB71-74
spellingShingle	Crisis financiera cajas de ahorro cooperativas de crédito brecha financiera descrédito economía social. Economics as a science HB71-74 Ricardo Palomo Zurdo Milagros Gutiérrez Fernández The mismatch of credit in the banking system and the action of social economy: the path of restructuring
description	During the last five years, after the beginning of the financial crisis in 2007, one of the major banking restructuring was caused, both in a global perspective and in a domestic dimension for Spain. The credit entities of the social economy, savings banks and credit cooperatives, have led an extraordinary concentration process. The first credit entities, suffered a radical transformation that has modified their corporate structure by converting many of them into banks, and consequently, its business model. From another perspective, the crisis has revealed the failure of financial institutions to fulfill their primary mission as credit entities. Its threatened solvency, the need to implement a strict risk control and the high default rates have led to an unprecedented restriction of lending which has ended up crushing much of the real economy or production. The three financial reforms approved by August 2012 have generated certain “discredit” between society for its direct and indirect high cost that bind to the "discredited" by the credit squeeze that the sector and reforms imposed
format	article
author	Ricardo Palomo Zurdo Milagros Gutiérrez Fernández
author_facet	Ricardo Palomo Zurdo Milagros Gutiérrez Fernández
author_sort	Ricardo Palomo Zurdo
title	The mismatch of credit in the banking system and the action of social economy: the path of restructuring
title_short	The mismatch of credit in the banking system and the action of social economy: the path of restructuring
title_full	The mismatch of credit in the banking system and the action of social economy: the path of restructuring
title_fullStr	The mismatch of credit in the banking system and the action of social economy: the path of restructuring
title_full_unstemmed	The mismatch of credit in the banking system and the action of social economy: the path of restructuring
title_sort	mismatch of credit in the banking system and the action of social economy: the path of restructuring
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2013
url	https://doaj.org/article/4215395f43344f8ca734f54e117c9d29
work_keys_str_mv	AT ricardopalomozurdo themismatchofcreditinthebankingsystemandtheactionofsocialeconomythepathofrestructuring AT milagrosgutierrezfernandez themismatchofcreditinthebankingsystemandtheactionofsocialeconomythepathofrestructuring AT ricardopalomozurdo mismatchofcreditinthebankingsystemandtheactionofsocialeconomythepathofrestructuring AT milagrosgutierrezfernandez mismatchofcreditinthebankingsystemandtheactionofsocialeconomythepathofrestructuring
_version_	1718430428203843584

The mismatch of credit in the banking system and the action of social economy: the path of restructuring

Ejemplares similares