In May 2015 the EACB issued, in collaboration with the European think tank on co-operative banks (Think Tank on Co-operative Banking), a Call for Papers for the fourth EACB award for young researchers on co-operative banks. The purpose of this award is to stimulate research on co-operative banks and the fundamental role they play in the real economy.
Co-operative banks play a key role in the European financial and banking systems. Half of all existing banks in Europe belong to the decentralised network of co-operative banks. While co-operative banks’ market share in the enlarged EU is about 20%. In some countries their share on deposits lies well above this figure, as is the case in Austria, Germany, Finland, France, Italy and the Netherlands.
The scientific committee of the fourth EACB award for young researchers on co-operative banks, after careful selection and according to the criteria established in the Call for Papers, has selected the following winner:
Giorgio Caselli, 'Monetary policy, bank risk taking & financial stability: The role of 'biodiversity' in European Banking'.
An other useful contribution submitted in the framework of the Third EACB Award for Young Researchers on Co-operative Banks
Marco Migliorelli, 'The transmission of the monetary policy in the Euro area: The role of the banks' business model'
Giorgio Caselli received his prize during the EACB Academic Conference held in Brussels on the 1st of June 2016.