Consolidation, ownership structure and efficiency in the Italian banking system

Marcello Messori

BNL Quarterly Review, 2002, vol. 55, issue 221, 177-217

Abstract: This paper aims to analyze the effects of Italian banking consolidation during the nineties on the efficiency of the financial system, on competition in the market forbanking and financial services, and on the reallocation of bank ownership. Whereas a review of the recent theoretical and empirical literature shows that none of these aspects has received an unequivocal solution, an analysis of the Italian case indicates that the banking consolidation processes were accompanied by gains in efficiencyand competitiveness. Consolidation did not, however, offset the increasing distortions in the ownership structure of a large part of the Italian banking groups.

Keywords: Bank; Banking; Financial Service; Ownership Structure; Ownership (search for similar items in EconPapers)
JEL-codes: G21 G32 G34 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (8)

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