Carniolan savings bank and economic development of CarniolaNataša Hönig
, 2021, doctoral dissertation
Abstract: The Carniolan Savings Bank was the first financial institution in the Slovenian territory. It was founded in 1820 in Ljubljana, the capital city of Carniola, a province in the Austrian part of the Habsburg Monarchy. This institution collected deposits and managed the credit operations in the country. Even after the basic idea changed due to business development, it continued to play a significant role as a microfinance provider.
The thesis covers the period from the establishment of the institution in 1820 to the disintegration of the Austro-Hungarian Monarchy in 1918. Therefore, the study also deals with the main features of the interwar period. It draws attention to some issues faced by the Savings Bank between 1918 and 1945. The dissertation defines the importance and dimensions of innovation in the institutional sense that the Savings Bank acquired. It defines the role that the institution had in an economic, social, political and national context. This has been achieved through in-depth analysis and a classic historical approach. The dissertation provides an original study of the extensive and unexplored historical material.
The Carniolan Savings Bank provides an excellent example of the intertwining of politics and nationalism with economic development. It had a significant impact on the changes that were a prerequisite for mobilising the financial resources of social classes that previously had no access to banking services. Therefore, the Savings Bank collected dispersed financial resources on the financial market by allocating capital to various investment opportunities. The most prominent were mortgage loans and the purchase of government securities. However, the rules in place at the state level limited the importance of the Savings Bank to the regional and especially the local level, reflecting its impact on the country’s economic development. Accordingly, it sought ways to get involved, as evidenced by Credit Association that was used by small merchants and craftsmen.
Found in: ključnih besedah
Summary of found: ...example of the intertwining of politics and nationalism with economic development. It had a significant...
Keywords: Carniolan Savings Bank, deposits, credit activity, microfinance, investments, economic nationalism, Habsburg Monarchy, the Province of Carniola
Published: 06.01.2022; Views: 507; Downloads: 30
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