Buch, Englisch, Band 4, 157 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 254 g
Buch, Englisch, Band 4, 157 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 254 g
Reihe: Innovations in Financial Markets and Institutions
ISBN: 978-94-010-5722-6
Verlag: Springer Nature Singapore
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
1 Introduction and Summary.- 1.1 The Need for a Theory of Production for Financial Firms.- 1.2 Issues in Technology and Regulation.- 1.3 User Cost Derivation.- 1.4 A Model of the Financial Firm.- 1.5 Data and Data Construction.- 1.6 Specification and Hypothesis Testing.- 1.7 Empirical Results.- 2 Issues in Technology and Regulation of Financial Firms.- 2.1 Introduction.- 2.2 Cost Function Approach.- 2.3 Profit Function Approach.- 2.4 Outputs, Inputs, and the “Classification Problem”.- 2.5 Regulations and the Financial Firm.- 2.6 Concluding Remarks.- 3 User Cost Derivation for Financial Firms.- 3.1 User Costs for Assets and Liabilities.- 3.2 Implementation Problems.- 4 A Model of the Financial Firm.- 4.1 Introduction.- 4.2 An Intertemporal Production Model of the Individual Financial Firm.- 5 Data and Data Construction.- 5.1 Introduction.- 5.2 Labor Services.- 5.3 Materials Services.- 5.4 Physical Capital Services.- 5.5 User Costs for Financial Services.- 5.6 Variable Profits.- 5.7 Concluding Remarks.- Appendix Functional Cost Data on Capital.- 6 Specification and Hypothesis Testing.- 6.1 Introduction.- 6.2 Profit Function and Net Supplies.- 6.3 Regularity Restrictions.- 6.4 Tests of Bank Technology.- 6.5 Econometric Issues.- 6.6 Concluding Remarks.- Appendix Derivation of Hessian - Variable Profit Function.- 7 Empirical Results.- 7.1 Introduction.- 7.2 Elasticities of Transformation, Demand and Supply.- 7.3 Regularity Tests.- 7.4 Estimation of Transformation, Supply and Demand Elasticities.- 7.5 Rate of Return on Capital.- 7.6 Policy Implications: Monetary Policy and Bank Behavior.- 7.7 Tests of Monetary Aggregation.- 7.8 Concluding Remarks.