Cooperatives versus traditional banks: the impact of interbank market exclusion

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cepal.articleNo10
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2022/24-P
cepal.docTypeRevistas
cepal.jelCodeG01
cepal.jelCodeG20
cepal.jelCodeC60
cepal.jobNumberRVI138_Bergoeing
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMETRICS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFINANCIAL ARCHITECTURE
cepal.topicSpaARQUITECTURA FINANCIERA
cepal.topicSpaECONOMETRÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorBergoeing, Raphael
dc.contributor.authorPiguillem, Facundo
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.date.accessioned2023-04-14T17:10:16Z
dc.date.available2023-04-14T17:10:16Z
dc.date.issued2022-12
dc.description.abstractWe analyse the desirability of allowing cooperative banks to participate in the interbank market in Chile. We find that it is advisable to allow this if the quality of their governance is not too deficient relative to that of traditional commercial banks. When cooperative banks do participate in the interbank market, both the probability of financial crises and the volatility of gross domestic product (GDP) rise. However, because the inclusion of cooperatives generates large efficiency gains in the financial sector, both GDP and aggregate welfare substantially increase. We conclude that there is no policy reason to unilaterally exclude cooperatives from the Chilean interbank market.
dc.formatTexto
dc.format.extentpáginas. 208-22
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2022/24-P
dc.identifier.urihttps://hdl.handle.net/11362/48814
dc.language.isoeng
dc.physicalDescriptionp. 208-227; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo138
dc.relation.translationLanguagespa
dc.relation.translationRecordLas cooperativas frente a los bancos tradicionales: el impacto de su exclusión del mercado interbancario
dc.relation.translationUrihttps://hdl.handle.net/11362/48682
dc.rights.coarDisponible
dc.subject.unbisEngFINANCIAL INSTITUTIONS
dc.subject.unbisEngBANKS
dc.subject.unbisEngCOOPERATIVES
dc.subject.unbisEngCREDIT UNIONS
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngMARKETS
dc.subject.unbisEngBANKING
dc.subject.unbisEngFINANCIAL CRISIS
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaINSTITUCIONES FINANCIERAS
dc.subject.unbisSpaBANCOS
dc.subject.unbisSpaCOOPERATIVAS
dc.subject.unbisSpaASOCIACIONES DE CREDITO
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.subject.unbisSpaMERCADOS
dc.subject.unbisSpaOPERACIONES BANCARIAS
dc.subject.unbisSpaCRISIS FINANCIERA
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleCooperatives versus traditional banks: the impact of interbank market exclusion
dc.type.coarrevista
dc.usergrouprevistacepal
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