Based on a sample of cooperative, savings and commercial banks from OECD countries over the period 2001-2010, this paper examines the contribution of cooperative banks to the stability of other banks operating in the same financial system, with particular attention to those having a larger size. To account for changing impacts of sample mutual banks in varying macroeconomic and financial conditions, the analysis encompasses two time periods: a pre-crisis period (2001-2006) and a crisis period (2007-2010). The results of the empirical analysis indicate that cooperative banks become a significant determinant of the financial stability only during the crisis period and shows a positive relationship. Moreover, our results indicate that only during financial crisis, a greater presence of cooperative banks exerts a positive and increasing influence on the stability of large banks in the same banking system. Hence, banking systems characterized by a high presence of cooperative banks seem to be able to face in a better way future periods of financial distress.

Chiaramonte, L., Poli, F., Oriani, M. E., On the relationship between bank business models and financial stability. Evidence from the financial crisis in OECD countries, in Falzon, J. (ed.), Bank Stability, Sovereign Debt and Derivatives, Palgrave Macmillan, Londra 2013: 7- 30 [http://hdl.handle.net/10807/40194]

On the relationship between bank business models and financial stability. Evidence from the financial crisis in OECD countries

Chiaramonte, Laura;Poli, Federica;Oriani, Marco Ercole
2013

Abstract

Based on a sample of cooperative, savings and commercial banks from OECD countries over the period 2001-2010, this paper examines the contribution of cooperative banks to the stability of other banks operating in the same financial system, with particular attention to those having a larger size. To account for changing impacts of sample mutual banks in varying macroeconomic and financial conditions, the analysis encompasses two time periods: a pre-crisis period (2001-2006) and a crisis period (2007-2010). The results of the empirical analysis indicate that cooperative banks become a significant determinant of the financial stability only during the crisis period and shows a positive relationship. Moreover, our results indicate that only during financial crisis, a greater presence of cooperative banks exerts a positive and increasing influence on the stability of large banks in the same banking system. Hence, banking systems characterized by a high presence of cooperative banks seem to be able to face in a better way future periods of financial distress.
Inglese
Bank Stability, Sovereign Debt and Derivatives
9781137332141
Chiaramonte, L., Poli, F., Oriani, M. E., On the relationship between bank business models and financial stability. Evidence from the financial crisis in OECD countries, in Falzon, J. (ed.), Bank Stability, Sovereign Debt and Derivatives, Palgrave Macmillan, Londra 2013: 7- 30 [http://hdl.handle.net/10807/40194]
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/40194
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact