Table of
Contents |
|
Introduction and summary of findings and policy
implications |
392k pdf file |
1. |
Introduction |
|
2. |
Key findings and policy implications |
|
3. |
Extended summary |
|
Chapter I.
392k pdf file |
Patterns of consolidation |
1. |
Introduction |
|
2. |
Methods of consolidation |
|
3. |
Patterns in transaction activity |
|
4. |
Patterns in the structure of the financial sector |
|
5. |
Conclusion |
|
Annex I.1 Securities exchanges and consolidation |
|
Chapter II.
367k pdf file
| Fundamental causes of consolidation |
1. |
Introduction |
|
2. |
Framework |
|
3. |
Forces encouraging consolidation |
|
4. |
Forces discouraging consolidation |
|
5. |
Future trends |
|
Tables and charts (Chapter II) |
|
Annex II.1 Interviews—country synopses |
|
Annex II.2 Interviews—technical appendix |
|
Annex II.3 Chronological list of key regulatory changes |
|
Chapter III.
737k pdf file
| Effects of consolidation on financial risk |
1. |
Introduction |
|
2. |
A working definition of systemic risk |
|
3. |
Effects of consolidation in the United States |
|
4. |
Effects of consolidation in Europe |
|
5. |
Effects of consolidation in Japan |
|
Annex III.1 The effects of consolidation on managing
systemic risk in Canada: the 1998 Bank Merger
Decision |
|
Annex III.2 Potential effects of strategic alliances on
financial risk |
|
Annex III.3 Consolidation and the liquidity of financial
markets |
|
Chapter IV.
531k pdf file
| The impact of financial sector consolidation on monetary
policy |
|
1. |
Introduction |
|
2. |
The impact of financial sector consolidation on monetary policy |
|
3. |
The impact of financial sector consolidation on the transmission of monetary
policy |
|
4. |
Some further possible consequences of consolidation for monetary policy |
|
5. |
Some caveats and research challenges |
|
Chapter V.
531k pdf file
| The effects of consolidation on efficiency, competition and credit
flows |
|
1. |
Introduction |
|
2. |
Consolidation and efficiency |
|
3. |
Consolidation and competition |
|
4. |
Consolidation and the availability of credit flows |
|
5. |
Policy issues |
|
Annex V.1 Antitrust rules and their implementation in
specific countries |
|
Annex V.2 Case studies |
|
Chapter VI.
1,020k pdf file |
The effects of consolidation on payment and settlement
systems |
1. |
Introduction |
|
2. |
Types of consolidation |
|
3. |
Causes of and obstacles to consolidation |
|
4. |
The effects of consolidation |
|
5. |
Conclusions |
|
Annex VI.1 TARGET |
|
Working Party on Financial Sector Consolidation |
|
Data Annex A: Patterns in consolidation transactions |
|
Data Annex B: Patterns in the structure of the financial
sector |