IMF Working Papers Volume 2003 Issue 158: Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk (2003)

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Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk

Author:

Mr. Gianni De Nicolo

Mr. Gianni De Nicolo
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Ms. Mary G Zephirin

Ms. Mary G Zephirin
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Philip F. Bartholomew

Philip F. Bartholomewnull

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Ms. Jahanara Zaman

Ms. Jahanara Zaman
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Series:: IMF Working Papers

Volume/Issue:: Volume 2003: Issue 158

Language:: English

Publication Date:: 01 Jul 2003

DOI:: https://doi.org/10.5089/9781451857603.001

ISBN:: 9781451857603

ISSN:: 1018-5941

Pages:: 44

Keywords:: WP; risk profile; banking system; emerging market; risk-taking choice; Bank Consolidation; Internationalization; Conglomeration; Financial Risk; return on assets; banking firm; financial firm; probability of failure; investment strategies; conglomerate firm; risk taking; choice of return; five-firms concentration ratios; expansion of the scope; Systemic risk; Emerging and frontier financial markets; Commercial banks; Bank deposits; Insurance companies; Eastern Europe; Western Europe; Global; Middle East; Africa

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2003: Issue 158

Language:: English

Publication Date:: 01 Jul 2003

DOI:: https://doi.org/10.5089/9781451857603.001

ISBN:: 9781451857603

ISSN:: 1018-5941

Pages:: 44

Keywords:: WP; risk profile; banking system; emerging market; risk-taking choice; Bank Consolidation; Internationalization; Conglomeration; Financial Risk; return on assets; banking firm; financial firm; probability of failure; investment strategies; conglomerate firm; risk taking; choice of return; five-firms concentration ratios; expansion of the scope; Systemic risk; Emerging and frontier financial markets; Commercial banks; Bank deposits; Insurance companies; Eastern Europe; Western Europe; Global; Middle East; Africa

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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This paper documents global trends in bank activity, consolidation, internationalization, and financial firm conglomeration, and explores the extent to which financial firm risk and systemic risk potential in banking are related to consolidation and conglomeration. We find that while there is a substantial upward trend in conglomeration globally, consolidation and internationalization exhibit uneven patterns across world regions. Trends in consolidation and conglomeration indicate increased risk profiles for large, conglomerate financial firms, and higher levels of systemic risk potential for more concentrated banking systems. We outline research directions aimed at explaining why bank consolidation and conglomeration do not necessarily yield either safer financial firms or more resilient banking systems.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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