Cooperative Banks and Financial Stability

Cooperative Banks and Financial Stability
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... READ MORE...

Publication date: January 2007
ISBN 9781451865660
$18.00

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