For the International Workshop on Financial System Architecture & Stability (IWFSAS 2016), a call for papers has been launched focusing on “The Role of Cooperative Banks in Promoting Financial Stability and Sustainable Economic Development”.

Download the Call for Papers

International Workshop on Financial System Architecture and Stability

The IWFSAS aims to provide a forum for academic researchers and policy makers to discuss issues related to the structure and design of financial systems and their impact on growth and financial stability. While the specific theme may vary from year to year, the overall objective of this annual workshop is to facilitate discussions of high-quality policy-relevant research papers that increase our understanding of how various financial sector policies can affect the stability of the financial system and the overall economy, both nationally and globally.

The 2016 inaugural meeting of the IWFSAS is dedicated to discussing the role of Cooperative Financial Institutions (CFIs). CFIs appear to have weathered the 2008 global financial crisis better than commercial banks. For instance, European co-operative banks, which represent about 20 percent of the European banking sector, were responsible for a much smaller portion of the direct losses and write-downs of the European banking sector during the crisis. While commercial banks retreated somewhat from the credit markets during the period of 2007-2010, CFIs expanded their loans to the private sector during this time frame. Despite this, the role of cooperative banks, credit unions, and other types of financial institutions with alternative forms of ownership, seem to be missing from the current discussions and debates about financial stability and regulatory reforms.

We welcome both theoretical and empirical contributions on this topic. Each paper will be reviewed by two members of the scientific committee of IWFSAS before they make acceptance decisions. The workshop program will include formal discussions of all papers selected for presentation.

Topics of interest include, but are not limited to, the following:
– The role of CFIs in strengthening the financial system and its resilience to crises;
– Competition and bank risk-taking: are cooperative banks different from commercial banks?
– Financial stability risks of cooperative banks vs commercial banks;
– Cooperative banks impact on economic growth and income inequality;
– Impact of CFIs on financial inclusion and access to finance;
– CFIs and relationship lending;
– CFIs in developing and emerging markets;
– The raisons d’être of the cooperative banking model in the 21st century;
– Regulating CFIs versus other Financial Institutions;
– Safety nets and moral hazard: Commercial banks versus CFIs;
– Corporate governance and internal structure of CFIs;
– Services by CFIs in small and large communities;
– Fintech and the optimal scale of CFIs.

Journal Publication Opportunities

The conference organizers, in collaboration with the editors of the Journal of Financial Stability (JFS), will invite the authors of select conference papers to submit their manuscripts to the JFS. Although there is no special issue associated with the conference, the editorial team of the journal will ensure the selected papers undergo a fast-track review process while maintaining the otherwise regular editorial, refereeing, and revision standards of the journal. This special consideration is granted in light of the anticipated high caliber of papers in the conference program.

Best Paper Awards

There will be two Best Paper Awards of $1,000 each sponsored by the Centre for Sustainable and Social Innovation (CSSI) at University of Victoria and ourselves, the International Research Centre on Cooperative Finance (IRCCF) at HEC Montreal. Find out more about the Best Paper Award.

Important Dates

Those wishing to present a paper at this conference are invited to submit their full manuscript in PDF format by April 30, 2016, via email to: IWFSAS2016@uvic.ca.

April 30, 2016 May 16, 2016: Deadline for Submission

May 27, 2016: Notification of Acceptance

June 30, 2016: Conference Registration Deadline

August 26-27, 2016: Conference dates

To learn more about the registration and the accommodation, download the pdf about the call for papers.

Download the Call for Papers

About the organizers

The University of Victoria (Gustavson School of Business & the Department of Economics) in collaboration with the European Union Center of Excellence (EUCE) and the International Research Center on Cooperative Finance (IRCCF) at HEC Montreal.

University of Victoria - Gustavson School of BusinessUniversity of Victoria - EconomicsEuropean Union Centres of Excellence CanadaIRCCF