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Cooperative banking and financial stability. Evidence from the recent financial crisis in some European countries

Author

Listed:
  • Laura Chiaramonte

    (Università Cattolica del Sacro Cuore, Milano)

  • Federica Poli

    (Università Cattolica del Sacro Cuore, Milano)

  • Marco Ercole Oriani

    (Università Cattolica del Sacro Cuore, Milano)

Abstract

Based on a sample of banks from eleven European countries over the period 2001-2010, this paper examines the stability of cooperative banks in comparison with other business models, as well as the specific role played by cooperative banks in determining banking soundness. Our findings show that cooperative banks do exert positive and significant effects on average bank stability, although only in periods of financial distress.This contrasts with studies which blame the fragility of banking systems on the presence of non-profit maximizing entities. Largely mutualized banking systems demonstrate a better ability to withstand periods of crisis, preserving stronger customer confidence in bank stability

Suggested Citation

  • Laura Chiaramonte & Federica Poli & Marco Ercole Oriani, 2013. "Cooperative banking and financial stability. Evidence from the recent financial crisis in some European countries," BANCARIA, Bancaria Editrice, vol. 5, pages 32-48, May.
    • Handle: RePEc:ban:bancar:v:5:y:2013:m:may:p:32-48
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    Citations

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    Cited by:

    1. Andreas Kappeler, 2015. "Estonia: Raising Productivity and Benefitting more from Openness," OECD Economics Department Working Papers 1215, OECD Publishing.
    2. Keffala, Mohamed Rochdi, 2021. "“How using derivative instruments and purposes affects performance of Islamic banks? Evidence from CAMELS approach”," Global Finance Journal, Elsevier, vol. 50(C).
    3. Mohamed Rochdi Keffala, 2017. "Are Derivatives Implicated in the Recent Financial Crisis? Evidence from Banks in Emerging Countries," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-41, March.
    4. Mohamed Rochdi Keffala, 2018. "Analyzing the effect of derivatives on the financial soundness of commercial banks in Italy: An approach based on the CAMELS framework," Review of Financial Economics, John Wiley & Sons, vol. 36(3), pages 267-283, July.
    5. Ivana Catturani & Erika Dalpiaz, 2017. "Alternative classifications of Italian banks:Do different grouping rules mislead results on the risk profile of banks?," DEM Working Papers 2017/11, Department of Economics and Management.

    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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