Skip to main content
×
Home
    • Aa
    • Aa

Banking on a Religious Divide: Accounting for the Success of the Netherlands' Raiffeisen Cooperatives in the Crisis of the 1920s

  • Christopher L. Colvin (a1)
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.

  • View HTML
    • Send article to Kindle

      To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle.

      Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

      Find out more about the Kindle Personal Document Service.

      Banking on a Religious Divide: Accounting for the Success of the Netherlands' Raiffeisen Cooperatives in the Crisis of the 1920s
      Available formats
      ×
      Send article to Dropbox

      To send this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your Dropbox account. Find out more about sending content to Dropbox.

      Banking on a Religious Divide: Accounting for the Success of the Netherlands' Raiffeisen Cooperatives in the Crisis of the 1920s
      Available formats
      ×
      Send article to Google Drive

      To send this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your Google Drive account. Find out more about sending content to Google Drive.

      Banking on a Religious Divide: Accounting for the Success of the Netherlands' Raiffeisen Cooperatives in the Crisis of the 1920s
      Available formats
      ×
Copyright
Footnotes
Hide All

I thank Gerben Bakker, Stefano Battilossi, Sascha Becker, Oscar Gelderblom, Timothy Guinnane, Abe de Jong, Herman de Jong, Joost Jonker, Peter Koudijs, Eoin McLaughlin, Joke Mooij, Larry Neal, Ronald Rommes, Jean-Laurent Rosenthal, Max-Stephan Schulze, Kenneth Snowden, John Turner, and Hans-Joachim Voth for helpful comments and encouragement; seminar, workshop, and conference participants at the London School of Economics, Queen's University Belfast, the Wissenschaftszentrum Berlin für Sozialforschung, the Economic History Association (Evanston), the Association for the Study of Religion, Economics and Culture (Washington DC), and the European Business History Association (Paris) for useful feedback on my arguments; Jan van der Meer for vital assistance in identifying archival material; Laurence Colvin and Philip Fliers for excellent research assistance; and Ann Carlos and three anonymous referees for showing me how to improve my original submission to this Journal. Financial support from the Economic and Social Research Council is also gratefully acknowledged.

Footnotes
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

The Journal of Economic History
  • ISSN: 0022-0507
  • EISSN: 1471-6372
  • URL: /core/journals/journal-of-economic-history
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 10
Total number of PDF views: 43 *
Loading metrics...

Abstract views

Total abstract views: 491 *
Loading metrics...

* Views captured on Cambridge Core between 21st August 2017 - 22nd September 2017. This data will be updated every 24 hours.