Similar Search Results

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

Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits

Focarelli, Dario; Panetta, Fabio - Banca d'Italia - 2002

The general conclusion of the empirical literature is that in-market consolidation generates adverse price changes, harming consumers. Previous studies, however, look only at the short-run pricing impact of consolidation, ignoring all effects that take longer to materialize. Using a database...

Persistent link: https://www.econbiz.de/10005113523

Why Do Banks Merge?

Focarelli, Dario; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 1999

The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. By considering both acquisitions (i.e. the purchase of the majority...

Persistent link: https://www.econbiz.de/10005113557

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

In response to fundamental changes in regulation and technology, the financial industry around the world is undergoing an unprecedented wave of consolidation. A growing body of empirical literature has attempted to measure the efficiency gains from M&As; however there is little sense of how the...

Persistent link: https://www.econbiz.de/10005770770

Credit supply, flight to quality and evergreening: an analysis of bank-firm relationships after Lehman

Albertazzi, Ugo; Marchetti, Domenico J. - Banca d'Italia - 2010

borrowers’ risk, by exploiting multiple lending. We find evidence of a contraction of credit supply, associated to low bank …

Persistent link: https://www.econbiz.de/10008509918

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

The effects of bank mergers on credit availability: evidence from corporate data

Patti, Emilia Bonaccorsi di; Gobbi, Giorgio - Banca d'Italia - 2003

and acquisitions on firms that are small, rely on few banks, and have a high credit risk. …

Persistent link: https://www.econbiz.de/10005609374

Bank Competition and Regulatory Reform: The Case of the Italian Banking Industry

Angelini, Paolo; Cetorelli, Nicola - 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/10005609378

Bank Competition and Regulatory Reform: The Case of the Italian Banking Industry.

Angelini, P.; Cetorelli, N. - Banca d'Italia - 2000

Persistent link: https://www.econbiz.de/10005640908

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 … the standard risk frameworks in CSF (Gaussian, Single Risk Factor Model; GSRFM), popular among market participants. If … implemented in a ï¿½staticï¿½ fashion, GSRFM can substantially underprice risk at times of stress. I introduce a simple ï …

Persistent link: https://www.econbiz.de/10008677911