Download or read book Are Mergers Beneficial to Consumers Evidence from the Italian Market for Bank Deposits written by Fabio Panetta and published by . This book was released on 2003 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The general conclusion of the empirical literature is that in-market consolidation generates adverse price changes, thereby harming consumers. Previous studies, however, look only at the short-run pricing impact of consolidation, ignoring all effects that take a longer time to materialize. Using a database that includes detailed information on the deposit rate paid by individual banks in local markets to different categories of depositors, we investigate for the first time the long-run pricing effects of Mamp;As. We find strong evidence that, although in the short run consolidation generates adverse price changes, these are only a temporary phenomenon. In the long run efficiency gains dominate over the market power effect of mergers, leading to more favorable prices for consumers.
Download or read book Are Mergers Beneficial to Consumers written by Dario Focarelli and published by . This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Routledge Handbook of Contemporary Italy written by Andrea Mammone and published by Routledge. This book was released on 2015-05-15 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Contemporary Italy provides a comprehensive account of Italy and Italian politics in the 21st Century. Featuring contributions from many leading scholars in the field, this Handbook is comprised of 28 chapters which are organized to deliver unparalleled analysis of Italian society, politics and culture. A wide range of topics are covered, including: Politics and economy, and their impact on Italian society Parties and new politics Regionalism and migrations Public memories Continuities and transformations in contemporary Italian society. This is an essential reference work for scholars and students of Italian and Western European society, politics, and history.
Download or read book The Banks and the Italian Economy written by Damiano Bruno Silipo and published by Springer Science & Business Media. This book was released on 2009-04-22 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Damiano Bruno Silipo In the 1990s the Italian banking system underwent profound normative, institutional and structural changes. The Consolidated Law on Banking (1993) and that on Finance (1998) instituted the legal framework for a far-reaching overhaul of the Italian banking and ?nancial system: signi?cant relaxation of entry barriers, the liberalization of branching, the privatization of the Italian banks, and a massive process of mergers and acquisitions. Following the Bank of Italy’s liberalization of branching in 1990, in 10 years the number of bank branches increased by 70% in Italy, while in the rest of Europe it declined. Over the decade the average number of banks doing business in a province rose from 27 to 31, while a wave of mergers (324 operations) and acquisitions (137) revolutionized the Italian banking industry, reducing the overall number of Italian banks by 30%. To a signi?cant extent this concentration represented take-overs of troubled Southern banks by Central and Northern ones. As a result of these developments (plus a rise in banking productivity and a fall in costs), the spread between short-term lending and deposit rates fell from 7 percentage points in 1990 to 4 points in 1999. And despite an increase in concentration in a number of local credit markets, the interest-rate differential between the locally dominant and other banks generally narrowed.
Download or read book On Bank Consolidation in a Currency Union written by Fabio Di Vittorio and published by International Monetary Fund. This book was released on 2018-04-24 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and acquisitions (M&A) affects the banking sector’s stability in the Eastern Caribbean Currency Union (ECCU). The paper finds that a lower level of loan portfolio diversification explains higher non-performing loans and earnings volatility of indigenous banks, as compared to foreign competitors in the ECCU. We then simulate bank mergers both within and across ECCU countries by combining individual banks’ balance sheets. The simulation shows that a typical indigenous bank could better diversify against its idiosyncratic risk by merging with other banks across the border. In addition, we point out that M&A, leading to a more asymmetric banking sector, may increase systemic risk.
Download or read book The Oxford Handbook of Banking written by Allen N. Berger and published by Oxford University Press. This book was released on 2010 with total page 1033 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides an overview and analysis of state-of-the-art research in banking written by researchers in the field. It includes abstract theory, empirical analysis, and practitioner and policy-related material.
Download or read book OECD Economic Surveys Italy 2007 written by OECD and published by OECD Publishing. This book was released on 2007-06-04 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2007 edition of OECD's review of Italy's economy finds a welcome economic recovery under way. But medium-term prospects remain challenging: productivity shows little signs of resurgence, high public indebtedness threatens fiscal health.
Download or read book Proceedings of a Conference on Bank Structure and Competition written by and published by . This book was released on 2008 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bank Mergers written by Jayshree Bose and published by . This book was released on 2006 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book attempts to exercise a rare restraint in two very crucial and controversial areas of global bank mergers by blindly extolling the virtues of mega bank mergers and the ceaseless flow of economies of scale it supposedly brings; and to resist the t
Download or read book The Pricing Behaviour of Italian Firms written by Silvia Fabiani and published by . This book was released on 2004 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Dual regime Utility Model for Poverty Analysis written by Claudia Biancotti and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Legacy of History for Economic Development written by Guido De Blasio and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Testing the Home Market Effect in a Multi country World written by Kristian Behrens and published by . This book was released on 2005 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Uncertainty and Banks Lending Decisions written by Mario Quagliariello and published by . This book was released on 2007 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Micro Simulation Model of Demographic Development and Households Economic Behavior in Italy written by Albert Ando and published by . This book was released on 2004 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Credit Policy and Firms Behaviour written by Piero Cipollone and published by . This book was released on 2003 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of Guarantees in Bank Lending written by Alberto Franco Pozzolo and published by . This book was released on 2004 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
