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- Title
From friend to financial institution: The knightly Stade Credit Cooperative, 1826-1845.
- Authors
Wandschneider, Kirsten
- Abstract
This paper traces the development of the Knightly Stade Credit Cooperative (Ritterschaftliches Kreditinstitut Stade) from 1825 to 1845. The Stade Credit Cooperative provides an interesting example of the supply of credit to the first estate. By identifying borrowers and lenders both in the private credit market before the establishment of the Cooperative as well as of the Cooperative, this study adds to our understanding of the development of formal credit markets, and demonstrates how a credit cooperative replaced an informal peer-to-peer credit network. The Stade Cooperative also shows how the concept of the Prussian Landschaften (cooperative mortgage credit banks) was spread and adapted beyond Prussia and provided the key institutional learning for the establishment of other credit cooperatives throughout German states in the nineteenth century.
- Subjects
AGRICULTURE; MORTGAGE bonds; MORTGAGES; COOPERATIVE agriculture; AGRICULTURAL credit
- Publication
Zeitschrift für Agrargeschichte und Agrarsoziologie, 2022, Vol 70, Issue 1, p63
- ISSN
0044-2194
- Publication type
Article