Abstract (eng)
In the framework of this thesis, the topic “bank foundation in Austria”, especially as a cooperative form should be introduced and analyzed. Thereby, the main focus lies on the example of Demokratische Bank that should start in the second half of the year 2013.
First of all, the foundation idea of Demokratische Bank is handled as it is important to know who stays behind this idea with what kind of plans and opinions. In this chapter, Attac Österreich and its cofounder Christian Felber are introduced in detail. In addition, the critics of Christian Felber about the current capitalist economy system and system-relevant banks are dealt with.
The next chapter discusses the general information about the bank foundation in Austria.
On the one hand, there are legal aspects as Bankwesengesetz, Genossenschaftsgesetz and Basel II. On the other hand, three important associations as Bundesministerium für Finanzen, Oesterreichische Nationalbank and the Financial Market Authority play a great role for the Austrian banking sector.
The following theme covers the banking industry in Austria. In Austria, some great banks as Raiffeisenbank, Bawag, Erste Bank, Volksbank and Bank Austria dominate the market. Also the fact that the Austrian banking industry is seen as “overbanked” is analyzed here.
Then, the main example of the thesis “Demokratische Bank” will be covered based on its aims, concepts, progress and strategies.
The common welfare economy is the final objective of the project “Demokratische Bank” and was proposed by Attac Österreich and Christian Felber as a new alternative economy model for the future. The detail ideas and several critic points of the common welfare economy are described in this thesis as well.
The thesis ends with the conclusion and opinions of the author how he estimates the influence and future success of Demokratische Bank as well as the common wealth economy on the market.