Cooperative banking and financial stability. Evidence from the recent financial crisis in some European countries

Laura Chiaramonte, Federica Poli and Marco Ercole Oriani
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Laura Chiaramonte: Università Cattolica del Sacro Cuore, Milano
Federica Poli: Università Cattolica del Sacro Cuore, Milano
Marco Ercole Oriani: Università Cattolica del Sacro Cuore, Milano

BANCARIA, 2013, vol. 05, 32-48

Abstract: Based on a sample of banks from eleven European countries over the period 2001-2010, this paper examines the stability of cooperative banks in comparison with other business models, as well as the specific role played by cooperative banks in determining banking soundness. Our findings show that cooperative banks do exert positive and significant effects on average bank stability, although only in periods of financial distress.This contrasts with studies which blame the fragility of banking systems on the presence of non-profit maximizing entities. Largely mutualized banking systems demonstrate a better ability to withstand periods of crisis, preserving stronger customer confidence in bank stability

JEL-codes: G01 G21 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:5:y:2013:m:may:p:32-48

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