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Efectos de las fusiones sobre el mercado financiero colombiano

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  • Dairo Estrada

Abstract

Este trabajo examina los efectos de las fusiones en el sistema ban- cario sobre la eficiencia del sistema y los precios. Se encuentra que los bancos que han atravesado procesos de fusiones pueden experimentar mejoras en los indices de eficiencia en beneficios. Estas mejoras en eficiencia fueron superiores para aquellos bancos que presentaban rankings de eficiencia más bajos antes de la fusión. Adicionalmente, los efectos sobre cambios en los precios resultaron no reflejar comportamientos colusivos por parte de los bancos en el mercado de depósitos

Suggested Citation

  • Dairo Estrada, 2005. "Efectos de las fusiones sobre el mercado financiero colombiano," Borradores de Economia 329, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:329
    DOI: 10.32468/be.329
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    Cited by:

    1. Dairo Estrada A. & Sandra V. Rozo V., 2007. "Spatial competition in the Colombian deposit market," Coyuntura Económica, Fedesarrollo, December.
    2. Miguel Ángel Morales Mosquera, 2011. "Concentración y estabilidad financiero: el caso del sistema bancario colombiano," Temas de Estabilidad Financiera 058, Banco de la Republica de Colombia.
    3. Almanza, Camilo & Mora Rodríguez, Jhon James, 2018. "Profit efficiency of banks in Colombia with undesirable output: A directional distance function approach," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-18.
    4. Dairo Estrada & Esteban Gómez & Inés Orozco, 2006. "Determinants of Interest Margins in Colombia," Borradores de Economia 2335, Banco de la Republica.
    5. Carlos Andrés Amaya, 2006. "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 24(50), pages 48-97, June.
    6. Andrés Garcia & José Gomez, 2009. "Determinantes de las fusiones y adquisiciones en el sistema financiero colombiano. 1990-2007," Revista de Economía del Rosario, Universidad del Rosario, May.
    7. Dairo Estrada & Sandra Rozo, 2006. "Multimarket spatial competition in the Colombian deposit market," Borradores de Economia 413, Banco de la Republica de Colombia.
    8. Jorge Tovar & Christian Jaramillo & Carlos Hernández, 2007. "Risk, Concentration and Market Power in the Banking Industry: Evidence from the Colombian System (1997-2006)," Documentos CEDE 4385, Universidad de los Andes, Facultad de Economía, CEDE.
    9. Sandra Rozo & Diego Vásquez & Dairo Estrada, 2008. "An Industrial Organization Analysis for the Colombian Banking System," Borradores de Economia 5001, Banco de la Republica.
    10. Carlos Andrés Amaya G., 2005. "Interest Rate Setting And The Colombian Monetary Transmission Mechanism," Borradores de Economia 2910, Banco de la Republica.
    11. Carlos Andrés Amaya, 2005. "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Borradores de Economia 352, Banco de la Republica de Colombia.

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    More about this item

    Keywords

    Bancos; Fusiones; Eficiencia; Precios.;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L89 - Industrial Organization - - Industry Studies: Services - - - Other
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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