{
  "title": "Bank Consolidation and Performance: The Argentine Experience",
  "publication": "IMF Working Papers, August 1, 2004",
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  "summary": "We examine a large panel of more than 100 banks from Argentina to study the effects of bank consolidation on performance between December 1995 and December 2000, a period of heavy bank consolidation and relative calm.",
  "sections": [
    {
      "heading": "Study scope and dataset",
      "content": "- Examines a large panel of more than 100 banks from Argentina.\n- Sample period: between December 1995 and December 2000, described as a period of heavy bank consolidation and relative calm.\n- Pages: 32."
    },
    {
      "heading": "Main empirical findings",
      "content": "- Overall effect of bank consolidation on bank performance is positive and significant.\n- Bank returns increase with consolidation.\n- Insolvency risk is reduced with consolidation."
    },
    {
      "heading": "Effects by type of corporate action",
      "content": "- Mergers and privatizations:\n  - Suggested to have a beneficial effect on bank returns.\n  - Reduce a bank's insolvency risk significantly.\n- Acquisitions:\n  - Effect on return on equity is negative.\n  - Do not seem to have any effect on risk-adjusted returns.\n  - Insolvency risk is unrelated to bank acquisitions."
    },
    {
      "heading": "Performance and risk indicators referenced",
      "content": "- Bank return (general returns) — increases with consolidation.\n- Return on equity — negatively affected by acquisitions.\n- Risk-adjusted returns — acquisitions show no apparent effect.\n- Insolvency risk — reduced by consolidation generally; significantly reduced through mergers and privatization; unrelated to acquisitions.\n\nInternational Monetary Fund. \"Bank Consolidation and Performance: The Argentine Experience\", IMF Working Papers 2004, 149 (2004), DOI: https://doi.org/10.5089/9781451856927.001\n\n---\n\n Content in this bundle\n\n- wp04149\n  - wp04149 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp04149 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/bank-consolidation-and-performance-the-argentine-experience-17363"
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    "Published: August 1, 2004",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451856927.001",
    "Examines a large panel of more than 100 banks from Argentina.",
    "Sample period: between December 1995 and December 2000, described as a period of heavy bank consolidation and relative calm.",
    "Pages: 32.",
    "Overall effect of bank consolidation on bank performance is positive and significant.",
    "Bank returns increase with consolidation.",
    "Insolvency risk is reduced with consolidation.",
    "Mergers and privatizations:",
    "Acquisitions:",
    "Bank return (general returns) — increases with consolidation.",
    "Return on equity — negatively affected by acquisitions.",
    "Risk-adjusted returns — acquisitions show no apparent effect.",
    "Insolvency risk — reduced by consolidation generally; significantly reduced through mergers and privatization; unrelated to acquisitions.",
    "**_wp04149**"
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