Cooperative credit network: advantages and challenges in italian cooperative credit banks

Mitja Stefancic

No 1116, Euricse Working Papers from Euricse (European Research Institute on Cooperative and Social Enterprises)

Abstract: This paper provides an outline of both the competitive advantages and challenges currently faced by Italian cooperative credit banks. These banks play an important role for the stability of the financial system at the level of regions. They provide credit to individuals and households, as well as capital to SMEs. Italian cooperative credit banks are integrated into a distinct sui generis network, which grants them an adequate level of competitiveness in the; and Visiting PhD student market. By effectively implementing democratic principles of governance and by focusing on retail banking, these banks foster responsible behaviour, which is crucial in times of crisis. This paper suggests that a better understanding of their specifics highlights their contribution to sound cooperation in economics. Finally, the paper provides policy recommendations for a qualitative supervision of cooperative credit banks to further increase the stability of the cooperative credit network and, thus, of the Italian financial system.

Keywords: Italian cooperative credit network, competitive advantages; governance, challenges (search for similar items in EconPapers)
JEL-codes: G21 G28 P13 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-his, nep-hme and nep-net
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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpeu:1116

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