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Cooperative credit network: advantages and challenges in italian cooperative credit banks

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  • Mitja Stefancic

Abstract

This paper provides an outline of both the competitive advantages and challenges currently faced by Italian cooperative credit banks. These banks play an important role for the stability of the financial system at the level of regions. They provide credit to individuals and households, as well as capital to SMEs. Italian cooperative credit banks are integrated into a distinct sui generis network, which grants them an adequate level of competitiveness in the; and Visiting PhD student market. By effectively implementing democratic principles of governance and by focusing on retail banking, these banks foster responsible behaviour, which is crucial in times of crisis. This paper suggests that a better understanding of their specifics highlights their contribution to sound cooperation in economics. Finally, the paper provides policy recommendations for a qualitative supervision of cooperative credit banks to further increase the stability of the cooperative credit network and, thus, of the Italian financial system.

Suggested Citation

  • Mitja Stefancic, 2011. "Cooperative credit network: advantages and challenges in italian cooperative credit banks," Euricse Working Papers 1116, Euricse (European Research Institute on Cooperative and Social Enterprises).
  • Handle: RePEc:trn:utwpeu:1116
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    References listed on IDEAS

    as
    1. Schmidt, Peter & Knox Lovell, C. A., 1979. "Estimating technical and allocative inefficiency relative to stochastic production and cost frontiers," Journal of Econometrics, Elsevier, vol. 9(3), pages 343-366, February.
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    Keywords

    Italian cooperative credit network; competitive advantages; governance; challenges;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises

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