'Global Player' im Bankenwesen - ökonomisch sinnvoll oder problembehaftet?

Horst Gischer () and Toni Richter ()
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Horst Gischer: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg
Toni Richter: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg

No 110012, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: Although recent experiences made during the ongoing international financial crisis call for smaller entities in banking systems, consolidation still takes place in many industrialized economies. The often stretched argument that large banks are able to establish economies of scale as well as econo-mies of scope, ignores at least the risks of financial intermediaries becoming ‘too big to fail’ or ‘too interconnected to fail’. Our analysis presents reliable evidence that even the assumption that big banks are less inefficient than small ones is far away from being convincing. We apply a range of indicators to test for both performance and risk taking capability of banks in different financial sys-tems. Our findings suggest empirical merits of diversified banking systems and higher systemic risk for financial industries dominated by global players.

Keywords: consolidation; bank performance (search for similar items in EconPapers)
JEL-codes: G21 L11 L16 L25 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2011-06
New Economics Papers: this item is included in nep-ban
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Persistent link: https://EconPapers.repec.org/RePEc:mag:wpaper:110012

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