03819nam 2200661 a 450 991082034020332120200520144314.01-4623-9519-81-4527-3499-21-282-55817-X1-4519-1019-39786613822314(CKB)3360000000443266(EBL)1608452(SSID)ssj0000946205(PQKBManifestationID)11573199(PQKBTitleCode)TC0000946205(PQKBWorkID)10893091(PQKB)11026104(OCoLC)535146888(IMF)WPIEE2007002(MiAaPQ)EBC1608452(EXLCZ)99336000000044326620090806d2007 uy 0engur|n|---|||||txtccrCooperative banks and financial stability /prepared by Heiko Hesse and Martin Cihak1st ed.Washington, D.C. International Monetary Fund20071 online resource (50 p.)IMF working paper ;WP/07/2"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 paper ;WP/07/2.Banks and banking, CooperativeEconomic stabilizationBanks and banking, Cooperative.Economic stabilization.334.22334.220681Hesse Heiko1600314Cihak Martin1106217International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910820340203321Cooperative Banks and Financial Stability4039518UNINA