Institutional Diversity in Banking

1. Front Matter

   Pages i-xxix

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2. The Evolution of Banking Regulation in the Post-Crisis Period: Cooperative and Savings Banks’ Perspective

   • Giovanni Ferri

   Pages 1-31

3. The Role of Stakeholder Banks in the European Banking Sector

   • Panu Kalmi

   Pages 33-50

4. Banks’ Business Models in Europe: Are Cooperative Banks Different?

   • Rym Ayadi

   Pages 51-72

5. Cooperative Banks: Is Demutualization an Answer? The Experience of Building Societies in the UK

   • Clements A. Akinsoyinu

   Pages 73-100

6. Community Banks and Lending Technologies: Evidence from the Italian Retail Market

   • Carlo Milani

   Pages 101-119

7. The Competitive Threats and Strategic Challenges to Polish Cooperative Banks: A Post Crisis Perspective

   • Krzysztof Kil, Ewa Miklaszewska

   Pages 121-146

8. Does Banking Sector Structure Affect Bank Lending and Its Sensitivity to Capital Ratio? A Cross-country Study

   • Iwona Kowalska, Małgorzata Olszak, Filip Świtała

   Pages 147-187

9. The Role of Competitive Framework for Sound Banking Sector in the EU-15 and the EU-12

   • Małgorzata Pawłowska

   Pages 189-218

10. Banking Diversity and Trust in Banking Services

    • Marcin Idzik

    Pages 219-256

11. The Role of Market and Cultural Diversification in the Evolution of the Polish Banking Sector

    • Lech Kurkliński

    Pages 257-282

12. Back Matter

    Pages 283-285

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This book offers a comparative analysis of how post-crisis restructuring has affected the evolution and prospects of small, locally-oriented banks. The discussion focuses specifically on “small” European countries; that is, countries with diversified banking systems, with a strong presence of cooperative and other forms of local banks. Such countries include highly developed economies like Italy and emerging European economies, such as Poland. The authors stress the unique importance of local banks in generating credit for both households and firms, and hence in contributing to overall economic growth. Chapters cohere around the argument that although smaller banks fared better than their larger counterparts the recent financial crisis, they have been directly and indirectly discriminated against in post-crisis restructuring schemes, and, as such, face many operational and strategic challenges today. The contributors are a distinguished group of researchers with expert knowledge of the competitive positions of and opportunities for locally oriented banks, who combine theoretical and empirical perspectives on these topics.

• Bank efficiency
• Bank stability
• Banking regulation
• Bank business models
• Financial crisis
• Bank competition
• Banking confidence
• Cooperative banks
• Commercial banks
• Savings banks
• Bank restructuring
• Building Societies
• Banking in Finland
• Banking in Poland
• Central and Eastern Europe
• CEE banking market
• banking

• c/o EBES, Cracow University of Economics, Fatih, Turkey

  Ewa Miklaszewska

Ewa Miklaszewska is Professor in Banking and Finance at Cracow University of Economics and Jagiellonian University of Cracow, Poland. She was a visiting researcher in a number of universities, including New York University Stern School of Business (US) and the University of Wales at Bangor (UK). She has also worked in Polish regulatory institutions, including the Ministry of Finance and the National Bank of Poland. She serves on the management committee of the European Association of University Teachers of Banking and Finance (the Wolpertinger Group), and belongs to the group of founding members of the Center for Relationship Banking and Economics (CERBE) at LUMSA University in Rome, Italy. Her research interests are the strategic and regulatory developments in global banking; issues in corporate governance; and the role of ethics in banking.

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