{
  "title": "Consolidation and Market Structure in Emerging Market Banking Systems",
  "publication": "IMF Working Papers, November 1, 2002",
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  "summary": "This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with incr",
  "sections": [
    {
      "heading": "Summary and key findings",
      "content": "- Examines the evolution of market structure in emerging market banking systems during the 1990s.\n- Significant bank consolidation occurred, reflected in a sharp decline in the number of banks.\n- Consolidation has not systematically been associated with increased concentration as measured by standard indices.\n- Econometric estimates based on the Panzar-Rosse (1987) methodology suggest that, overall, markets have not become less competitive in a sample of eight European and Latin American countries.\n- Lowering barriers to entry, for example by allowing increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with consolidation."
    },
    {
      "heading": "Methodology and scope",
      "content": "- Time period analyzed: the 1990s.\n- Econometric framework: Panzar-Rosse (1987) methodology.\n- Geographic/sample scope: a sample of eight European and Latin American countries.\n- Themes and concepts preserved from source: market structure, concentration indices, contestability, market power, HH indices, Panzar and Rosse methodology."
    },
    {
      "heading": "Policy implications and recommendations highlighted",
      "content": "- Policies lowering barriers to entry can offset potential declines in competitive pressures associated with bank consolidation.\n- Increased participation of foreign banks is cited as an example of a policy that can maintain contestability in consolidated markets.\n\n---\n\n Content in this bundle\n\n- Consolidation and Market Structure in Emerging Market Banking Systems - WP/02/186\n  - Consolidation and Market Structure in Emerging Market Banking Systems - WP/02/186 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Consolidation and Market Structure in Emerging Market Banking Systems - WP/02/186 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/consolidation-and-market-structure-in-emerging-market-banking-systems-16129"
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    "Authors: Gaston Gelos, Jorge Roldos",
    "Published: November 1, 2002",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451859478.001",
    "Examines the evolution of market structure in emerging market banking systems during the 1990s.",
    "Significant bank consolidation occurred, reflected in a sharp decline in the number of banks.",
    "Consolidation has not systematically been associated with increased concentration as measured by standard indices.",
    "Econometric estimates based on the Panzar-Rosse (1987) methodology suggest that, overall, markets have not become less competitive in a sample of eight European and Latin American countries.",
    "Lowering barriers to entry, for example by allowing increased participation of foreign banks, appears to have prevented a decline in competitive pressures associated with consolidation.",
    "Time period analyzed: the 1990s.",
    "Econometric framework: Panzar-Rosse (1987) methodology.",
    "Geographic/sample scope: a sample of eight European and Latin American countries.",
    "Themes and concepts preserved from source: market structure, concentration indices, contestability, market power, HH indices, Panzar and Rosse methodology.",
    "Policies lowering barriers to entry can offset potential declines in competitive pressures associated with bank consolidation.",
    "Increased participation of foreign banks is cited as an example of a policy that can maintain contestability in consolidated markets.",
    "**Consolidation and Market Structure in Emerging Market Banking Systems - WP/02/186**"
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