Mergers and Acquisitions in the Spanish Banking Industry: some Empirical Evidence

Ignacio Fuentes and Teresa Sastre

Working Papers from Banco de España

Abstract: Since the late eighties, the Spanish banking system has been undergoing major changes that have affected both its structure and the nature of strategic interaction among banking institutions. Various different strategies have been adopted to tackle the demands of this new operating environment, one such strategy having been consolidation via mergers and acquisitions. This paper attempts to provide some empirical evidence on the impact of the consolidation process on the monetary transmission mechanism, the degree of competition in banking markets and the performance of banking institutions.

Keywords: MONETARY POLICY; BANKS; INDUSTRY; MONEY (search for similar items in EconPapers)
JEL-codes: E40 G21 G34 (search for similar items in EconPapers)
Pages: 53 pages
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9924

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