The Resource Cooperative banks and financial stability, prepared by Heiko Hesse and Martin Čihák, (electronic resource)

Cooperative banks and financial stability, prepared by Heiko Hesse and Martin Čihák, (electronic resource)

Label
Cooperative banks and financial stability
Title
Cooperative banks and financial stability
Statement of responsibility
prepared by Heiko Hesse and Martin Čihák
Creator
Contributor
Subject
Language
eng
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 cooperative banks, weak commercial banks are less stable than they would be otherwise. The overall impact of a higher cooperative presence on bank stability is positive on average but insignificant in some specifications
Related
Member of
Action
digitized
Cataloging source
CaPaEBR
Characteristic
  • document
  • online system or service
LC call number
HG2035
LC item number
.H47 2007eb
Series statement
IMF working paper
Series volume
WP/07/2
Label
Cooperative banks and financial stability, prepared by Heiko Hesse and Martin Čihák, (electronic resource)
Publication
Note
  • "January 2007."
  • At head of title: Monetary and Capital Markets Department
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references (p. 35-36)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053012763
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451910193
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b37208743
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)535146888
  • imf1451910193
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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