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importantcatalyst for bank consolidation in Europe. In order to assessthe public policy issues surrounding bank mergers, this … paperanalyzes the efficiency effects of 52 horizontal bank mergersover the period 1994-1998, i.e. the period immediately …
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finding is a negative and significant relationship between the degree of concentration of European bank markets and the market … bank conduct. This support for the market power hypothesis indicates that further measures are needed to make bank lending …
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