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The Consolidation of the Financial Services Industry
Allen N. Berger
Rebecca S. Demsetz
Philip Elliot Strahan
其他書名
Causes, Consequences, and Implications for the Future
出版
Federal Reserve Bank of New York
, 1998
URL
http://books.google.com.hk/books?id=e9lTUI5PenkC&hl=&source=gbs_api
註釋
"This article designs a framework for evaluating the causes, consequences, and future implications of financial services industry consolidation, reviews the extant research literature within the context of this framework (over 250 references), and suggests fruitful avenues for future research. The evidence is consistent with increases in market power from some types of consolidation; improvements in profit efficiency and diversification of risks, but little or no cost efficiency improvements on average; relatively little effect on the availability of services to small customers; potential improvements in payments system efficiency; and potential costs on the financial system from increasing systemic risk or expanding the financial safety net"--Abstract.
