05189oam 22010694 450 991078851830332120230721050911.01-4623-9519-81-4527-3499-21-282-55817-X1-4519-1019-39786613822314(CKB)3360000000443266(EBL)1608452(SSID)ssj0000946205(PQKBManifestationID)11573199(PQKBTitleCode)TC0000946205(PQKBWorkID)10893091(PQKB)11026104(OCoLC)535146888(MiAaPQ)EBC1608452(IMF)WPIEE2007002(EXLCZ)99336000000044326620020129d2007 uf 0engur|n|---|||||txtccrCooperative Banks and Financial Stability /Martin Cihak, Heiko HesseWashington, D.C. :International Monetary Fund,2007.1 online resource (50 p.)IMF Working Papers"January 2007."At head of title: Monetary and Capital Markets Department.1-4518-6566-X Includes bibliographical references (p. 35-36).Cover Page; Title Page; Copyright Page; Contents; I. Motivation and Literature Overview; 1. Cooperative Banks: Retail Market Shares in Selected Countries; II. Data and Methodology; A. Data; B. Measuring Bank Stability; C. Methodology; 1. Summary Statistics of Bank-Specific Variables in the Sample, 1994-2004; III. Results; A. Decomposition of Z-Scores and Correlation Analysis; 2. Decomposition of Z-Scores for the Full Sample, 1994-2004; 3. Decomposition of Z-Scores for Selected Countries, 1994-2004; 4. Sensitivity of the Z-score Decomposition5. Fitch: Long-Term Ratings: Distribution of the Banks in Sample6. Correlation Coefficients between the Z-Score and Selected Key Variables, 1994-2004; B. Regression Analysis; 7. Regression Results (Full Sample); 8. OECD Regressions with Governance Variable; 9. Regression Results (Large Banks); 10. Regression Results (Small Banks); 11. Robust Regressions; 12. Quantile Regressions (Full Sample); IV. Conclusions and Topics for Further Research; I. Data Issues; References; FootnotesCooperative 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.IMF Working Papers; Working Paper ;No. 2007/002Banks and banking, CooperativeEconomic stabilizationBanks and BankingimfMacroeconomicsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfPersonal Income, Wealth, and Their DistributionsimfInterest Rates: Determination, Term Structure, and EffectsimfBankingimfFinanceimfCooperative banksimfCommercial banksimfPersonal incomeimfLong term interest ratesimfBanks and banking, CooperativeimfBanks and bankingimfIncomeimfInterest ratesimfGermanyimfBanks and banking, Cooperative.Economic stabilization.Banks and BankingMacroeconomicsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesPersonal Income, Wealth, and Their DistributionsInterest Rates: Determination, Term Structure, and EffectsBankingFinanceCooperative banksCommercial banksPersonal incomeLong term interest ratesBanks and banking, CooperativeBanks and bankingIncomeInterest rates334.22334.220681Cihak Martin1106217Hesse Heiko1472688International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910788518303321Cooperative Banks and Financial Stability3844933UNINA