The Greek Bank-Insurance Model: A Look At A Not-So-New Corporate Structure

Andreas Merikas and Sotiris K. Staikouras

European Research Studies Journal, 2008, vol. XI, issue 3, 25-34

Abstract: One of the notable characteristics of modern financial markets is the convergence among financial institutions, which until recently preformed different tasks. To this end, the present study explores the bank-insurance phenomenon in the Greek market. It focuses on the development of financial conglomerates in the region, while arguing that the phenomenon is not as new as one would expect. A variant of the bank-insurance approach to financial services seems to have dominated the Greek market for over a century. An analysis of recent developments is also presented, with the evidence indicating a trend towards multi-venture partnerships as well as active involvement of multinational enterprises.

Keywords: Bank-insurance model; Greek economy; Financial conglomerates (search for similar items in EconPapers)
JEL-codes: G2 G21 G22 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xi:y:2008:i:3:p:25-34

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