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Consolidation and Market Structure in Emerging Market Banking Systems
Author:
Mr. R. G Gelos
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https://orcid.org/0000-0003-4362-676X
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Mr. Jorge Roldos
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Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 186
Language:
English
Publication Date:
01 Nov 2002
DOI:
https://doi.org/10.5089/9781451859478.001
ISBN:
9781451859478
ISSN:
1018-5941
Pages:
30
Keywords:
WP; bank; private bank; HH indices; number; consolidation process; Banco de Chile; bank consolidation; bank penetration; market power; Emerging and frontier financial markets; Competition; Commercial banks; Foreign banks; State-owned banks; Europe; banking SystemsConsolidation; Banking; market structure; emerging markets; Panzar and Rosse methodology; contestability; Asia and Pacific
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with increased concentration as measured by standard indices. Moreover, econometric estimates based on the Panzar-Rosse (1987) methodology suggest that, overall, markets have not become less competitive in a sample of eight European and Latin American countries. Lowering barriers to entry, by doing such things as allowing increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with consolidation.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund