An innovative resilience approach:Financial self-help groups in contemporary financial landscapes in the Netherlands
This study questions efficiency-driven institutions in the financial sector during and after the financial crisis of 2008. Frustration about inadequately working financial institutions encouraged citizens to employ self-help initiatives reflected in the revival of, for example, financial cooperatives, sharing economies and community currencies. Some of these grassroots initiatives, such as financial self-help groups, are imported by migrants and refugees. Compared to the formal banking system, financial self-help groups claim effectivity and a human face instead of efficiency in operation and... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2020 |
Reihe/Periodikum: | Lehmann , J M & Smets , P 2020 , ' An innovative resilience approach : Financial self-help groups in contemporary financial landscapes in the Netherlands ' , Environment and Planning A , vol. 52 , no. 5 , pp. 898-915 . https://doi.org/10.1177/0308518X19882946 |
Schlagwörter: | financial landscape / grassroots initiatives / resilience / ROSCAs / self-help groups / /dk/atira/pure/sustainabledevelopmentgoals/reduced_inequalities / name=SDG 10 - Reduced Inequalities |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-29214720 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://research.vu.nl/en/publications/c64be68c-02f3-4e24-8d04-84e5b8ca91d6 |
This study questions efficiency-driven institutions in the financial sector during and after the financial crisis of 2008. Frustration about inadequately working financial institutions encouraged citizens to employ self-help initiatives reflected in the revival of, for example, financial cooperatives, sharing economies and community currencies. Some of these grassroots initiatives, such as financial self-help groups, are imported by migrants and refugees. Compared to the formal banking system, financial self-help groups claim effectivity and a human face instead of efficiency in operation and management. We look at financial self-help groups among Ethiopians and Ghanaians living in the Netherlands, placing these financial self-help groups within the contemporary financial landscape. Here, diversity instead of a monoculture of banking institutions shows us a way to a more sustainable financial system. Moreover, this article shows that a combination of different kinds of resilience creates possibilities for analysing the dynamics of a kaleidoscope of financial arrangements and institutions.