Market Structure and Financial Stability: the Interaction between Profit-Oriented and Mutual Cooperative Banks in Italy
研究了意大利营利性银行与互助合作银行之间的互动如何影响市场结构与金融稳定性的关系，发现当互助合作银行不被借款人主导时，市场集中度与稳定性呈倒U型关系。
Abstract In this study, we analyze the relation between market structure and financial stability both theoretically and empirically by considering two types of agents: profit-oriented banks and mutual cooperative banks in the context of Italy. The main findings show that under the condition that mutual cooperative banks are not dominated by borrowers, there is an inverted U-shaped relation in which a less concentrated market structure increases stability for both types of banks but a more concentrated market structure reduces it.