Are Financial Cooperatives Crowded out by Commercial Banks in the Process of Financial Sector Development?
| Autor: | Anaïs Perilleux, Bert D'Espallier, Annabel Vanroose |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Finance
Economics and Econometrics 050208 finance Financial sector development business.industry Process (engineering) 05 social sciences Developing country Financial ratio Financial system Commercial bank Commercial banking Arts and Humanities (miscellaneous) 0502 economics and business Economics Financial analysis 050207 economics business Market failure |
| Zdroj: | Kyklos. 69:108-134 |
| ISSN: | 0023-5962 |
| DOI: | 10.1111/kykl.12105 |
| Popis: | This paper investigates whether financial cooperatives are crowded out by commercial banks in the process of financial sector development. We use a self-constructed database (1990-2011) of financial cooperatives in 55 developing countries. Our empirical results are threefold. First, financial cooperatives tend to reach more members in countries where the commercial banking sector is weak. This validates their role as a market failure solution. Second, in the process of commercial bank expansion, financial cooperatives run the risk of being crowded out. Third, financial cooperatives seem to benefit from some kind of bank presence, especially as far as savings mobilization is concerned. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|