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Bank Consolidation, Internationalization and Conglomeration: Trends and Implications for Financial Risk

Author/Editor: De Nicoló, Gianni | Bartholomew, Philip F. | Zaman, Jahanara | Zephirin, M. G.
Authorized for Distribution: July 1, 2003
Electronic Access: Free Full Text (PDF file size is 1,644KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper documents global trends in bank activity, consolidation, internationalization, and financial firm conglomeration, and explores the extent to which financial firm risk and systemic risk potential in banking are related to consolidation and conglomeration. We find that while there is a substantial upward trend in conglomeration globally, consolidation and internationalization exhibit uneven patterns across world regions. Trends in consolidation and conglomeration indicate increased risk profiles for large, conglomerate financial firms, and higher levels of systemic risk potential for more concentrated banking systems. We outline research directions aimed at explaining why bank consolidation and conglomeration do not necessarily yield either safer financial firms or more resilient banking systems.
 
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Series: Working Paper No. 03/158
Subject(s): Banking | Banking systems | Financial risk
Author's keyword(s): Bank Consolidation | Internationalization | Conglomeration | Financial Risk
 
English  
    Published:   July 1, 2003        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1582003   Pages:   44
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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