search query: @indexterm imperfect competition / total: 53
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| Author: | Banal-Estañol, A. Ottaviani, M. |
| Title: | Bank mergers and diversification: implications for competition policy |
| Journal: | European Financial Management
2007 : JUN, VOL. 13:3, p. 578-590 |
| Index terms: | bank mergers diversification imperfect competition risk aversion |
| Language: | eng |
| Abstract: | The article analyses competition and mergers among risk averse banks. It is shown that the correlation between the shocks to the demand for loans and the shocks to the supply of deposits induces a strategic interdependence between the two sides of the market. The role of diversification is characterised as a motive for bank mergers and the consequences of mergers on loan and deposit rates are analysed. |
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