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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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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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  1. Hannan, Timothy H., 1991. "Bank commercial loan markets and the role of market structure: evidence from surveys of commercial lending," Journal of Banking & Finance, Elsevier, vol. 15(1), pages 133-149, February.
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  6. 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.
  7. Allen N. Berger & Timothy H. Hannan, 1987. "The price-concentration relationship in banking," Research Papers in Banking and Financial Economics 100, Board of Governors of the Federal Reserve System (U.S.).
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  13. Sergio Clavijo, . "Hacia la Multibanca en Colombia: Retos y 'Retazos' Financieros," Borradores de Economia 150, Banco de la Republica de Colombia.
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Cited by:
  1. 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.
  2. Dairo Estrada & Esteban Gómez & Inés Orozco, . "Determinants of Interest Margins in Colombia," Borradores de Economia 393, Banco de la Republica de Colombia.
  3. Sandra Rozo & Diego Vásquez & Dairo Estrada, 2008. "An Industrial Organization Analysis for the Colombian Banking System," BORRADORES DE ECONOMIA 005001, BANCO DE LA REPÚBLICA.
  4. Dairo Estrada & Esteban Gómez & Inés Orozco, 2006. "Determinants of Interest Margins in Colombia," BORRADORES DE ECONOMIA 002335, BANCO DE LA REPÚBLICA.
  5. Dairo Estrada & Sandra Rozo, . "Multimarket spatial competition in the Colombian deposit market," Borradores de Economia 413, Banco de la Republica de Colombia.
  6. Carlos Andrés Amaya G., 2005. "Interest Rate Setting And The Colombian Monetary Transmission Mechanism," BORRADORES DE ECONOMIA 002910, BANCO DE LA REPÚBLICA.
  7. Miguel Ángel Morales M., 2011. "Concentración y Estabilidad Financiera: el Caso del Sistema Bancario Colombiano," DOCUMENTOS CEDE 009250, UNIVERSIDAD DE LOS ANDES-CEDE.
  8. Carlos Andrés Amaya, . "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Borradores de Economia 352, Banco de la Republica de Colombia.

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