The Economics of Bank Mergers in the European Union, a Review of the Public Policy Issues

FIN 99/35

60 Pages Posted: 20 Jul 2000

Multiple version iconThere are 3 versions of this paper

Date Written: May 1999

Abstract

A very large merger wave in the banking sector has taken place in Europe and the United States over the last ten years. This raises a set of questions to different parties. Banks' shareholders and managers need to identify the potential sources of economic gain derived from a merger or an acquisition. As concerns public policy makers, they need to assess how bank mergers - be they domestic intra-industry, across-industry, or cross-border - affect their mission of protecting investors and ensuring financial stability, an appropriate level of competition, and the competitiveness of national firms in international financial markets. Moreover, as the banking world is becoming increasingly international, there is a need to reassess the structure of bank regulation and supervision which has been historically assumed by each nation State.

Suggested Citation

Dermine, Jean, The Economics of Bank Mergers in the European Union, a Review of the Public Policy Issues (May 1999). FIN 99/35, Available at SSRN: https://ssrn.com/abstract=224090 or http://dx.doi.org/10.2139/ssrn.224090

Jean Dermine (Contact Author)

INSEAD - Finance ( email )

Boulevard de Constance
F-77305 Fontainebleau Cedex
France
+33 1 60 72 41 33 (Phone)

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