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Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits
Focarelli, Dario; Panetta, Fabio - Banca d'Italia - 2002
. In the long run efficiency gains dominate over the market power effect, leading to more favorable prices for consumers. …
Persistent link: https://www.econbiz.de/10005113523
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Consolidation and efficiency in the financial sector: a review of the international evidence
Amel, Dean; Barnes, Colleen; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 2002
an unprecedented wave of consolidation. A growing body of empirical literature has attempted to measure the efficiency … mergers yield economies of scope or gains in managerial efficiency. …
Persistent link: https://www.econbiz.de/10005770770
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The Effects of Bank Consolidation and Market Entry on Small Business Lending
Patti, Emilia Bonaccorsi di; Gobbi, Giorgio - Banca d'Italia - 2001
Consolidation in the banking industry of many countries has reduced the number of small banks and led to significant shifts in market shares; deregulation has fostered entry in local credit markets and branch expansion, which in turn have increased competition. Small businesses are believed to...
Persistent link: https://www.econbiz.de/10005111563
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Why Do Banks Merge?
Focarelli, Dario; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 1999
acquired bank; improved lending policies result in higher profits. …
Persistent link: https://www.econbiz.de/10005113557
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Credit supply, flight to quality and evergreening: an analysis of bank-firm relationships after Lehman
Albertazzi, Ugo; Marchetti, Domenico J. - Banca d'Italia - 2010
This paper analyzes the effects of the financial crisis on credit supply by using highly detailed data on bank … borrowers’ risk, by exploiting multiple lending. We find evidence of a contraction of credit supply, associated to low bank …' productivity and interest rates at bank-firm level. …
Persistent link: https://www.econbiz.de/10008509918
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Why do Banks Merge?.
Focarelli, D.; Panetta, F.; Salleo, C. - Banca d'Italia - 1999
The banking industry is consolidating at an accelerating pace, yet not conclusive results have emerged on the benefits of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries.
Persistent link: https://www.econbiz.de/10005486704
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The effects of bank mergers on credit availability: evidence from corporate data
Patti, Emilia Bonaccorsi di; Gobbi, Giorgio - Banca d'Italia - 2003
A large literature on the effects of bank consolidation focuses on direct efficiency gains for participating banks and … generated by bank consolidation. In particular, borrowers that depend on relationship-based lending may face a reduction in … investigate the full effect of bank mergers on the availability of credit for corporate borrowers by examining a large sample of …
Persistent link: https://www.econbiz.de/10005609374
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Bank Competition and Regulatory Reform: The Case of the Italian Banking Industry
Angelini, Paolo; Cetorelli, Nicola - Banca d'Italia - 2000
contributed to improve bank competition. …
Persistent link: https://www.econbiz.de/10005609378
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Bank Competition and Regulatory Reform: The Case of the Italian Banking Industry.
Angelini, P.; Cetorelli, N. - Banca d'Italia - 2000
The paper analyzes the evolution of competitive conditions in the Italian banking industry using firm-level balance sheet data for the period 1983-1997. Regulatory reform, large-scale consolidation, and competitive pressure from other European countries have changed substantially the banking...
Persistent link: https://www.econbiz.de/10005640908
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Credit ratings in structured finance and the role of systemic risk
Violi, Roberto - Banca d'Italia - 2010
This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...
Persistent link: https://www.econbiz.de/10008677911