#1997-009A "Conflict of Interest between Borrowers and Lenders in Credit Cooperatives: The Case of German Co-operative Banks"
by William R. Emmons, and Willi Mueller
March 1997

Over the last few decades, the co-operative banking sector in Germany has steadily increased its market share at the expense of other types of banks. This outcome is surprising from the standpoint of traditional economic thinking about co-operatives, which suggests that they are most appropriate for "backward" economies. More...