Banking concentration and financial reorganization: Greece, Portugal, and Spain in the post-crisis period
Por:
Giron, Alicia, Meireles, Monika, Reyes, Andrea
Publicada:
1 dic 2019
Resumen:
This article aims to analyze how banking concentration and financial
reorganization have occurred during the post-crisis period in Greece,
Portugal and Spain, highlighting the continuity of three worrisome
trends related to financial stability: an increase in bank asset volume,
centralization of capital, and lower average profitability for banking
activities. The methodological approach combines the review of the
heterodox economic literature with the analysis of the financial
statistics of the main banks in the three countries in the
interpretation of the crisis. The article is divided into four sections:
the first part briefly discusses the theoretical nature of the process
of concentration and centralization of bank capital; the second section
discusses the role of banks in the Eurozone crisis; the third section
examines some statistics on the dynamics of the banking sector in both
countries; and some conclusions are made in the final section.
Filiaciones:
Giron, Alicia:
Natl Autonomous Univ Mexico IIEc UNAM, Inst Econ Res, Mexico City, DF, Mexico
Meireles, Monika:
Natl Autonomous Univ Mexico IIEc UNAM, Inst Econ Res, Mexico City, DF, Mexico
Reyes, Andrea:
Natl Autonomous Univ Mexico UNAM, Mexico City, DF, Mexico
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