The Origins of the (Cooperative) Species: Raiffeisen Banking in the Netherlands, 1898–1909

Christopher Colvin, Stuart Henderson () and John Turner ()
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Stuart Henderson: College of Business, Dublin Institute of Technology

No 126, Working Papers from European Historical Economics Society (EHES)

Abstract: Cooperatively-owned Raiffeisen banks first emerged in the Netherlands in the late 1890s and spread rapidly across the country. Using a new dataset, we investigate the determinants of their market entry and early performance. We find that the cooperative organisational form, when allied to a change in the structure of Dutch agriculture and the socioreligious pillarisation of Dutch society, was an important factor explaining their entry into rural financial markets. While religious organisations provided a necessary impetus for the emergence of Raiffeisen banks, the economic advantages associated with the cooperative organisational form ensured the subsequent survival and success of these banks.

Keywords: Cooperative banking; the Netherlands; Raiffeisen; religion (search for similar items in EconPapers)
JEL-codes: G21 N23 N83 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2018-03
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (3)

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Working Paper: The origins of the (cooperative) species: Raiffeisen banking in the Netherlands, 1898-1909 (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hes:wpaper:0126

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