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What does Bank Financial Profile tell Us about Mergers and Acquisitions in Latin American Banking?

In: New Issues in Financial Institutions Management

Author

Listed:
  • Fatima Cardias Williams
  • Jonathan Williams

Abstract

Acts of liberalization feature prominently in the history of Latin American (LatAm) financial sectors. The experience with major structural reforms programmes is mixed: the initial financial liberalization experiments in the 1970s collapsed in the face of the 1980s debt crisis; whereas economic stabilization led to unsustainable credit booms resulting in banking sector crises and government-led banking sector restructuring in the mid-1990s. Across LatAm, bank restructuring is reshaping the industrial structure of banking markets (Gelos and Roldós 2004). Restructuring, and policies such as bank privatization and the repealing of restrictions on foreign bank entry, creates incentives for consolidation via a wave of local and cross-border mergers and acquisitions (M&As), which has raised market concentration. Initially inspired by restructuring, the M&A wave becomes market driven in the 2000s (Carvalho et al. 2009).

Suggested Citation

  • Fatima Cardias Williams & Jonathan Williams, 2010. "What does Bank Financial Profile tell Us about Mergers and Acquisitions in Latin American Banking?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Franco Fiordelisi & Philip Molyneux & Daniele Previati (ed.), New Issues in Financial Institutions Management, chapter 9, pages 153-170, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-29915-3_10
    DOI: 10.1057/9780230299153_10
    as

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