Análisis de las fusiones en el mercado bancario colombiano

Estrada, Dairo Ayiber

Análisis de las fusiones en el mercado bancario colombiano

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Temas de Estabilidad Financiera ; No. 9

Date published

2005-07-01

Date

2005-07

Authors

Estrada, Dairo Ayiber

Document language

spa

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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

In recent years, different mergers have taken place both in the financial and manufacturing sectors. These processes have raised questions as to the policies implemented with regard to trade offs between profits via efficiency and those related to social costs, given the presence of greater market power. If profits due to efficiency surpass the resulting social losses as a result of increased market power, mergers then may be of interest from the economic and antitrust perspective. This analysis will look at mergers from different angles: first, mergers can improve cost efficiencies; second, they can improve the efficiency of benefits that involve combining raw materials and superior products , and third, they can provide greater price setting benefits by exercising market power. A greater concentration or participation of business enterprises within the market can provide the basis for intermediaries to establish higher rates for their goods or services, or to lower deposit rates without having efficiency improvements.

Description

Analiza el rol de las fusiones sobre eficiencia en beneficios y el poder de mercado. El análisis utiliza datos del sistema financiero colombiano para el período 1996-2004.