We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find … transmission in India is therefore mixed, our results for India are more favorable than is often found for other developing …

Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers … efficiency concerns implied by Shari’ah constraints. Greater risk sharing among cooperative bank stakeholders, using mechanisms …

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 banks'' returns …

This paper explains the continuing success of European cooperative banks through evolving comparative advantages. It … points out that a cooperative is built around an intergenerational endowment without final owners, which creates particular …

This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time … to control banks'' management. Reforms should preserve the positive characteristics that make cooperative banks a … suitable governance model. Our empirical analysis suggests that cooperative banks may enjoy a higher degree of monopoly power …