Based on a sample of cooperative, savings, and commercial banks from OECD countries, this paper examines whether and to what extent cooperative banks affected average bank soundness during 2001–2010. To account for the impact of the recent financial crisis, we analyse separately the pre‐crisis period (2001–2006) and crisis years (2007–2010). Unlike published claims that blame the fragility of banking systems on the presence of non–profit‐maximising entities, our main finding is that cooperative banks have explanatory power for stabilisation during the crisis years, but only above a certain market share threshold

Chiaramonte, L., Poli, F., Oriani, M. E., Are cooperative banks a lever for promoting bank stability? Evidence from the recent financial crisis in OECD countries, <<EUROPEAN FINANCIAL MANAGEMENT>>, 2015; 21 (3): 491-523 [http://hdl.handle.net/10807/50421]

Are cooperative banks a lever for promoting bank stability? Evidence from the recent financial crisis in OECD countries

Chiaramonte, Laura;Poli, Federica;Oriani, Marco Ercole
2015

Abstract

Based on a sample of cooperative, savings, and commercial banks from OECD countries, this paper examines whether and to what extent cooperative banks affected average bank soundness during 2001–2010. To account for the impact of the recent financial crisis, we analyse separately the pre‐crisis period (2001–2006) and crisis years (2007–2010). Unlike published claims that blame the fragility of banking systems on the presence of non–profit‐maximising entities, our main finding is that cooperative banks have explanatory power for stabilisation during the crisis years, but only above a certain market share threshold
Inglese
Chiaramonte, L., Poli, F., Oriani, M. E., Are cooperative banks a lever for promoting bank stability? Evidence from the recent financial crisis in OECD countries, <<EUROPEAN FINANCIAL MANAGEMENT>>, 2015; 21 (3): 491-523 [http://hdl.handle.net/10807/50421]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/50421
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