The Quality Of Bank Capital In Cooperative Banks

Lessons from history and the current financial crisis

Authored by: Andrea Bonoldi , Eleonora Broccardo , Luca Erzegovesi , Andrea Leonardi

Routledge Handbook of Social and Sustainable Finance

Print publication date:  June  2016
Online publication date:  June  2016

Print ISBN: 9781138777545
eBook ISBN: 9781315772578
Adobe ISBN: 9781317678830

10.4324/9781315772578.ch30

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Abstract

A recent report on the value of “biodiversity” in the European Banking System, published by the Centre for European Policy Studies (Ayadi, Llewellyn, Schmidt, Arbak, & de Groe, 2010), highlights how cooperative banks (CBs), in their broadest definition, have performed better during and after the financial crisis than their shareholder-based counterparts, supplying more stable credit to the real economy, preserving competition among banks, and fostering financial inclusion. Additionally, in the aftermath of the financial crisis, the validity of the universal banking model, based upon wide diversification of the business mix and shareholder value maximization, has seriously been called into question.

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