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Identifying And Quantifying Components Of Transaction Costs In The Banking System

Author

Listed:
  • Cristina Elena Georgescu

    („Ovidius” University of Constanta, Romania)

  • Riana Iren Radu

    („Dunarea de Jos” University of Galati, Romania)

Abstract

The concept of transaction costs takes a pivotal seat in the institutions’ economic analysis. I’ll begin the analysis by presenting this concept and some attempts at quantification. After, I’ll be presenting the characteristics of the banking system in quantifying and measuring transaction costs, in the context in which the economic activity of financial-banking institutions is rather complex, from the economic governance perspective as well as that of the transaction costs. In the case study executed based on the BCR Group data, I have tried to quantify transaction costs by means of their two components: interest and non-interest expenses.

Suggested Citation

  • Cristina Elena Georgescu & Riana Iren Radu, 2015. "Identifying And Quantifying Components Of Transaction Costs In The Banking System," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 272-278.
    • Handle: RePEc:ddj:fserec:y:2015:p:272-278
    as

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    References listed on IDEAS

    as
    1. John J. Wallis & Douglass North, 1986. "Measuring the Transaction Sector in the American Economy, 1870-1970," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 95-162, National Bureau of Economic Research, Inc.
    2. Stanley L. Engerman & Robert E. Gallman, 1986. "Long-Term Factors in American Economic Growth," NBER Books, National Bureau of Economic Research, Inc, number enge86-1, March.
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