Il ruolo delle banche cooperative nella mitigazione del rischio sistemico

Translated title of the contribution: [Autom. eng. transl.] The role of cooperative banks in systemic risk mitigation

Francesca Pampurini, Vincenzo Pacelli, Anna Grazia Quaranta

Research output: Contribution to journalArticle

Abstract

[Autom. eng. transl.] The world of cooperative banks in the period following the 2008 global crisis has been analyzed by many scholars. In this work it has been investigated whether they, although not systemic banks, are actually less involved than others in the mechanisms underlying the propagation and accentuation of systemic risk and, therefore, whether their significant presence, acting as a buffer, is able to mitigate the 'entity. This is due to various reasons: they are less interrelated with the different sources of systemic risk transmission, they have a relational business model and on average they are less exposed to the probability of having difficulties likely to infect the other actors of the economic-financial system. We have observed a set of banks operating in the Euro Area in the period 2015-2018, divided over the various years into homogeneous groups based on the key variables of systemic risk. Variables capable of measuring, on the one hand, the speed and capacity of transmission of problems between the various units of a system and, on the other, their state of health. It emerged that cooperative banks are more present in the groups in which the indicators indicate that the probability of contributing to the spread and generation of systemic risk is less.
Translated title of the contribution[Autom. eng. transl.] The role of cooperative banks in systemic risk mitigation
Original languageItalian
Pages (from-to)36-57
Number of pages22
JournalBANCARIA
Publication statusPublished - 2020

Keywords

  • Banche cooperative
  • Co-operative banks
  • Rischio sistemico
  • Systemic risk

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