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Cooperative Banks and Financial Stability /
Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This finding is...
| Call Number: | Libro Electrónico |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Place of publication not identified] :
International Monetary Fund (IMF),
2007.
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| Series: | IMF Working Papers ;
Working Paper no. 07/2. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This finding is due to the lower volatility of the cooperative banks' returns, which more than offsets their lower profitability and capitalization. This is most likely due to cooperative banks' ability to use customer surplus as a cushion in weaker periods. We also find that in systems with a high presence of coo. |
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| Item Description: | Title from content provider. |
| Physical Description: | 1 online resource |
| ISBN: | 1451910193 9781451910193 |
| ISSN: | 2227-8885 ; |