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| Author: | Dymski, G.A. |
| Title: | The global bank merger wave: implications for developing countries |
| Journal: | Developing Economies
2002 : DEC, VOL. 40:4, p. 435-466 |
| Index terms: | Bank mergers Developing countries International banks International relations USA |
| Language: | eng |
| Abstract: | This paper reconsiders causes and implications of the global bank merger wave, especially for developing economies. Previous studies of the global bank mergers had assumed that these combinations are efficiency-driven, and that the U.S. case defines the paradigm for all other nations' banking systems. This paper argues that the U.S. experience is unique, not paradigmatic, and that bank mergers are not efficiency-driven; instead, this merger wave has arisen because of macrostructural circumstances and because of shifts over time in banks' strategic motives. |
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