Skip Ribbon Commands
Skip to main content
Sign In

Path Dependencies in European Savings Banks: The impact of fundamental decisions during the wave of foundations 200 years ago

Path Dependencies in European Savings Banks: The impact of fundamental decisions during the wave of foundations 200 years ago
Cover Research Study

​Study a​warded with the Savings and Retail Banking History Award 2016

 ​​

 

 

​​A wave of savings bank foundations began across most of Europe in the early 19th century. It led to a breakthrough of the savings bank movement within a very short period of time. Although the founders in the involved countries particularly used the existing British savings banks as models, national differences regarding the organisation of the institutions and the investment of savings appeared relatively quickly. This had similar effects like fundamental decisions. They were later rarely changed and they shaped the development of the savings banks for decades to come.

 

The aim of this study is to shed light on the decisions that were taken during that period and their consequences from an international perspective. As will be shown by the findings, the different development of savings banks within Europe in the 19th and 20th centuries can be at least partially explained. For this purpose, the emergence of the savings bank system is outlined below at first. Subsequently, the fundamental decisions are explained, followed by their direct and long-term impacts.​

The complete research study is available in ePub or PDF format:

epub-logo.gif pdf.jpg

​​

 


To cite this article:

 

PROETTEL (Thorsten)(2016): Path dependencies in european savings banks: the impact of fundamental decisions during the wave of foundations 200 years ago. ESBG Research series, 18 pp.

 

​​​​​​​​​​

Financial History
Thorsten Proettel
Economist/Analyst
Landesbank Baden-Württemberg (LBBW)