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Financial Integration in Europe
Harald A. Benink
€ 66.32
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Description for Financial Integration in Europe
Paperback. Series: Financial and Monetary Policy Studies. Num Pages: 215 pages, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 240 x 160 x 12. Weight in Grams: 359.
One of the key issues relating to the perfonnance of national economies is the efficiency of the financial system which stands at the heart of the capital-allocation process. There are two aspects which define efficiency. Static efficiency involves the ali-in difference between rates of return provided to ultimate savers and the cost of funds to users. This 'gap', or spread, reflects the direct costs of production (operating and administrative costs, cost of capital, etc.). It also reflects losses incurred in the financial process, as well as any monopoly profits earned and liquidity premiums. Financial processes that are considered 'statically inefficient' ... Read more
One of the key issues relating to the perfonnance of national economies is the efficiency of the financial system which stands at the heart of the capital-allocation process. There are two aspects which define efficiency. Static efficiency involves the ali-in difference between rates of return provided to ultimate savers and the cost of funds to users. This 'gap', or spread, reflects the direct costs of production (operating and administrative costs, cost of capital, etc.). It also reflects losses incurred in the financial process, as well as any monopoly profits earned and liquidity premiums. Financial processes that are considered 'statically inefficient' ... Read more
Product Details
Format
Paperback
Publication date
2013
Publisher
Springer Netherlands
Number of pages
215
Condition
New
Series
Financial and Monetary Policy Studies
Number of Pages
204
Place of Publication
Dordrecht, Netherlands
ISBN
9789401048118
SKU
V9789401048118
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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