Portilla, Yolanda; Loyola, Gino; Sanchez, Jose Miguel - Facultad de Economía y Empresa, Universidad Diego Portales - 2011
During the last two decades, the Chilean banking industry has experienced a high concentration due to several mergers between its institutions. Among the reasons ar- gued for these consolidations, a potential for substantial gains in e¢ ciency is claimed. Recent studies suggest that the Chilean...