Due to the traditional operational model of cooperative banks which is mostly based on financial intermediation, the range of a local bank’s social influence in a given environment is highly dependent on the money transfer balance, that is using local money to satisfy local needs. A typical...

Cooperative banks, similarly to other credit institutions, obtain financial resources from entities with finance surplus and satisfy the needs of those entities, which suffer from financial deficits. In comparison to commercial institutions, it is the large and stable deposit base, which is...

The swap spread is defined as the difference between the fixed rate of an interest rate swap and the yield of the treasury with the same maturity. The swap spread is usually interpreted as the effective proxy of bank liquidity and the credit spread indicator. The interpretation is very similar...