Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157272
Authors: 
Colvin, Christopher L.
Year of Publication: 
2017
Series/Report no.: 
QUCEH Working Paper Series 2017-03
Abstract: 
This article investigates the impact of the socioreligious segregation of Dutch society on the asset allocation choices of rural bankers and the withdrawal behavior of their depositors during the early 1920s. Results suggest that cooperatively-owned Raiffeisen banks for both Catholic and Protestant minority groups could limit their exposure to a debt-deflation crisis, despite operating more precarious balance sheets than banks for majorities. Business histories demonstrate how strict membership criteria and personal guarantors acted as screening and monitoring devices. Banks serving minorities functioned as club goods, managing their exposure to the crisis by exploiting the confessionalized nature of Dutch society.
Subjects: 
cooperative banking
club goods
financial history
the Netherlands
JEL: 
G01
G21
N24
N84
P13
Z12
Document Type: 
Working Paper

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