diversification within large banks and financial conglomerates. We discuss the limited value of the normal distribution based … of the risk distribution. This measure is estimated and indicates better diversification benefits for conglomerates …

. At the transition point there is a jumpin risk taking, as private banks do not internalize the social costs of bank … data complementing existing evidence that financial instability is highest when bank control is capturedby small lobbies. …

association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …

paperanalyzes the efficiency effects of 52 horizontal bank mergersover the period 1994-1998, i.e. the period immediately … importantcatalyst for bank consolidation in Europe. In order to assessthe public policy issues surrounding bank mergers, this … banking.The dynamic merger analysis indicates that the cost efficiencyof merging banks is positively affected by the merger …

) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of …