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Efficient Transactions and Synergies in Banking

In: Money, Trust, and Banking

Author

Listed:
  • Guido K. Schaefer

    (Vienna University of Economics and Business Administration)

Abstract

Transaction technologies are not intrinsically useful by themselves. Their main purpose is to lower transaction barriers to facilitate trade such that individuals can exchange goods more easily which provide them utility. The efficiency of a transaction technology is key for the degree to which transaction barriers get effectively lowered. Hence the efficiency of the various transaction technologies analyzed in the preceding chapters is compared in section 10.1.

Suggested Citation

  • Guido K. Schaefer, 2005. "Efficient Transactions and Synergies in Banking," Palgrave Macmillan Books, in: Money, Trust, and Banking, chapter 10, pages 138-148, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51326-6_10
    DOI: 10.1057/9780230513266_10
    as

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