IDEAS home Printed from https://ideas.repec.org/h/pal/psitcp/978-3-031-60942-8_14.html
   My bibliography  Save this book chapter

Making Way for the Sparkasse—Institutions of Transition Between Personal and Organisational Credit in Nineteenth-Century Germany

In: Different Forms of Microcredit and Social Business

Author

Listed:
  • Daniel Reupke

    (Bayreuth University)

Abstract

Regularly, New Institutional Economics refers to the nineteenth century as an era of an Institutional Revolution. Starting from a robust setting of norms, one assumes an evolution of institutions in the credit market comparable to the well-known shift from personal to impersonal trust. However, this transitional period between private creditors and the emergence of banking businesses has remained neglected, or underexposed—their business practices sometimes portrayed as antithetical. Based on an extensive analysis of notarised debt certificates in the rural areas of Saar-Prussia spanning the “long” nineteenth century, I focus on said period. While before 1820 most loans were granted by private individuals, after 1870 savings banks almost completely took over the credit market. Meanwhile—I hypothesise—farmer-bankers, church factories, and pension funds, transferred the soft institutions already established in the credit market into organisational phenomena, that made the way for the success of the Sparkassen.

Suggested Citation

  • Daniel Reupke, 2024. "Making Way for the Sparkasse—Institutions of Transition Between Personal and Organisational Credit in Nineteenth-Century Germany," Palgrave Studies in the History of Finance, in: Paola Avallone & Donatella Strangio (ed.), Different Forms of Microcredit and Social Business, pages 289-313, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-031-60942-8_14
    DOI: 10.1007/978-3-031-60942-8_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psitcp:978-3-031-60942-8_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.