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Efectos de las fusiones sobre el mercado financiero colombiano

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  • Dairo Estrada

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Abstract

Este trabajo examina los efectos de las fusiones en el sistema ban- cario sobre la eficiencia del sistema y los precios. Se encuentra que los bancos que han atravesado procesos de fusiones pueden experimentar mejoras en los indices de eficiencia en beneficios. Estas mejoras en eficiencia fueron superiores para aquellos bancos que presentaban rankings de eficiencia más bajos antes de la fusión. Adicionalmente, los efectos sobre cambios en los precios resultaron no reflejar comportamientos colusivos por parte de los bancos en el mercado de depósitos

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Bibliographic Info

Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 329.

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Handle: RePEc:bdr:borrec:329

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Keywords: Bancos; Fusiones; Eficiencia; Precios.;

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References

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  13. Jalal D. Akhavein & Allen N. Berger & David B. Humphrey, 1996. "The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function," Center for Financial Institutions Working Papers 96-03, Wharton School Center for Financial Institutions, University of Pennsylvania.
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Citations

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Cited by:
  1. Dairo Estrada & Esteban Gómez & Inés Orozco, 2006. "Determinants of Interest Margins in Colombia," BORRADORES DE ECONOMIA 002335, BANCO DE LA REPÚBLICA.
  2. Carlos Andrés Amaya G., 2005. "Interest Rate Setting And The Colombian Monetary Transmission Mechanism," BORRADORES DE ECONOMIA 002910, BANCO DE LA REPÚBLICA.
  3. Dairo Estrada & Sandra Rozo, 2006. "Multimarket spatial competition in the Colombian deposit market," BORRADORES DE ECONOMIA 003264, BANCO DE LA REPÚBLICA.
  4. Sandra Rozo & Diego Vásquez & Dairo Estrada, . "An Industrial Organization Analysis for the Colombian Banking System," Borradores de Economia 528, Banco de la Republica de Colombia.
  5. Jorge Tovar & Christian Jaramillo & Carlos Hernández, 2007. "Risk, Concentration and Market Power in the Banking Industry: Evidence from the Colombian System (1997-2006)," DOCUMENTOS CEDE 004385, UNIVERSIDAD DE LOS ANDES-CEDE.
  6. Miguel Ángel Morales M., 2011. "Concentración y Estabilidad Financiera: el Caso del Sistema Bancario Colombiano," DOCUMENTOS CEDE 009250, UNIVERSIDAD DE LOS ANDES-CEDE.
  7. Carlos Andrés Amaya, 2006. "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE.
  8. Carlos Andrés Amaya, . "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Borradores de Economia 352, Banco de la Republica de Colombia.
  9. Dairo Estrada & Esteban Gómez & Inés Orozco, . "Determinants of Interest Margins in Colombia," Borradores de Economia 393, Banco de la Republica de Colombia.

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