Market Structure and Financial Stability: the Interaction between Profit-Oriented and Mutual Cooperative Banks in Italy

Adalgiso Amendola (), Cristian Barra, Marinella Boccia () and Anna Papaccio ()
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Adalgiso Amendola: University of Salerno
Marinella Boccia: University of Salerno
Anna Papaccio: University of Salerno

Journal of Financial Services Research, 2021, vol. 60, issue 2, No 5, 235-259

Abstract: Abstract In this study, we analyze the relation between market structure and financial stability both theoretically and empirically by considering two types of agents: profit-oriented banks and mutual cooperative banks in the context of Italy. The main findings show that under the condition that mutual cooperative banks are not dominated by borrowers, there is an inverted U-shaped relation in which a less concentrated market structure increases stability for both types of banks but a more concentrated market structure reduces it.

Keywords: Market structure; Financial stability; Profit-oriented banks; Mutual cooperative banks (search for similar items in EconPapers)
JEL-codes: C14 D21 G21 G28 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10693-021-00360-1

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