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101 0 $aeng
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181   $ctxt
182   $cc
183   $acr
200 10$aCooperative banks and financial stability$b[electronic resource] /$fprepared by Heiko Hesse and Martin C?iha?k
210   $aWashington, D.C. $cInternational Monetary Fund$d2007
215   $a1 online resource (50 p.)
225 1 $aIMF working paper ;$vWP/07/2
300   $a"January 2007."
300   $aAt head of title: Monetary and Capital Markets Department.
311   $a1-4518-6566-X 
320   $aIncludes bibliographical references (p. 35-36).
327   $aCover 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 Decomposition
327   $a5. 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; Footnotes
330   $aCooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This finding is due to the lower volatility of the cooperative banks' returns, which more than offsets their lower profitability and capitalization. This is most likely due to cooperative banks' ability to use customer surplus as a cushion in weaker periods. We also find that in systems with a high presence of coo
410  0$aIMF working paper ;$vWP/07/2.
606   $aBanks and banking, Cooperative
606   $aEconomic stabilization
608   $aElectronic books.
615  0$aBanks and banking, Cooperative.
615  0$aEconomic stabilization.
676   $a334.22
676   $a334.220681
700   $aHesse$b Heiko$0936186
701   $aC?iha?k$b Martin$0873075
712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464565503321
996   $aCooperative banks and financial stability$92281516
997   $aUNINA