Consolidation and Market Structure in Emerging Market Banking Systems

R. Gaston Gelos () and Jorge Roldos

No 02/186, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: Banking systems; Emerging markets (search for similar items in EconPapers)
Date: 2002-11-13
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Journal Article: Consolidation and market structure in emerging market banking systems (2004)
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