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Theory of Production for the Financial Firm
Diana Hancock
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Description for Theory of Production for the Financial Firm
Paperback. Series: Innovations in Financial Markets and Institutions. Num Pages: 157 pages, biography. BIC Classification: KCB; KFF; KFFK. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 272.
Furthermore, if the effects of regulations on user costs are excluded, it is impossible to analyze monetary policy effects. Chapter 2 examines the principal areas of regulation that affect user costs. For example, reserve requirements, as administered by the Federal Reserve, act as a tax on financial firms so covered. Required reserves earn no return to the financial firm and there is foregone revenue. Deposit insurance increases the user cost of servicing deposits to the banks. Interest rate regulations place limits on interest rates on time de posits, or prohibit payments on demand deposits during part of the period studied. ... Read more
Furthermore, if the effects of regulations on user costs are excluded, it is impossible to analyze monetary policy effects. Chapter 2 examines the principal areas of regulation that affect user costs. For example, reserve requirements, as administered by the Federal Reserve, act as a tax on financial firms so covered. Required reserves earn no return to the financial firm and there is foregone revenue. Deposit insurance increases the user cost of servicing deposits to the banks. Interest rate regulations place limits on interest rates on time de posits, or prohibit payments on demand deposits during part of the period studied. ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer Netherlands
Number of pages
157
Condition
New
Series
Innovations in Financial Markets and Institutions
Number of Pages
157
Place of Publication
Dordrecht, Netherlands
ISBN
9789401057226
SKU
V9789401057226
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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