 What does Bank Financial Profile tell Us about Mergers and Acquisitions in Latin American Banking?Fatima Cardias Williams and Jonathan Williams Chapter 9 in New Issues in Financial Institutions Management, 2010, pp 153-170 from Palgrave Macmillan Abstract: Abstract Acts of liberalization feature prominently in the history of Latin American (LatAm) financial sectors. The experience with major structural reforms programmes is mixed: the initial financial liberalization experiments in the 1970s collapsed in the face of the 1980s debt crisis; whereas economic stabilization led to unsustainable credit booms resulting in banking sector crises and government-led banking sector restructuring in the mid-1990s. Across LatAm, bank restructuring is reshaping the industrial structure of banking markets (Gelos and Roldós 2004). Restructuring, and policies such as bank privatization and the repealing of restrictions on foreign bank entry, creates incentives for consolidation via a wave of local and cross-border mergers and acquisitions (M&As), which has raised market concentration. Initially inspired by restructuring, the M&A wave becomes market driven in the 2000s (Carvalho et al. 2009). Keywords: Market Power; Banking Sector; Multinomial Logit Model; Foreign Bank; Relative Risk Ratio (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29915-3_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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