MARC Record from Scriblio

LEADER: 02474cam 22003257a 4500
001 2004620332
003 DLC
005 20050107183507.0
007 cr |||||||||||
008 050107s2001 dcu sb f000 0 eng
010 $a 2004620332
040 $aDLC$cDLC
043 $an-us---
050 00 $aHG2401
100 1 $aRobertson, Douglas D.
245 12 $aA Markov view of bank consolidation$h[electronic resource] :$b1960-2000 /$cby Douglas D. Robertson.
260 $aWashington, DC :$bOffice of the Comptroller of the Currency,$c[2001]
490 1 $aEconomic and policy analysis working paper ;$v2001-4
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/7/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper presents an empirical investigation of the consolidation process among banking organizations over the past 40 years. As merger announcements in the news make clear, consolidation is a continuing saga. While consolidation has been the dominant characteristic of the banking industry for decades, tests show that consolidation has not been a stable process. These tests indicate that nine different episodes, ranging in duration from one year to 11 years, describe the bank consolidation process since 1960. Closer examination of the episodes reveals that consolidation slowed after the early 1980s for banks with less than $2.7 billion in assets, but accelerated and was operating at its fastest pace between 1994 and 2000 for banks with more than $2.7 billion in assets. Furthermore, in the 1994-2000 episode, the largest banks, those with assets greater than $24.3 billion were most likely to exit the industry while the smallest banks, those with assets of less than $100 million, were least likely to exit the industry. Transition probabilities from the most recent consolidation episode provide a plausible estimate of what the banking industry's structure will look like in the future"--Office of the Comptroller of the Currency web site.
650 0 $aBanks and banking$zUnited States.
650 0 $aConsolidation and merger of corporations.
650 0 $aMarkov processes.
710 1 $aUnited States.$bOffice of the Comptroller of the Currency.
830 0 $aEconomic and policy analysis working paper (2000 : Online) ;$v2001-4.
856 40 $uhttp://www.occ.treas.gov/wp2001-4.htm