Multi-tier financial intermediation systems in formerly centrally planned economies

Article Abstract:

Article discusses considerations for the construction of multi-tier financial intermediation systems in centrally planned countries. Constraints including bad loan overhang, limited financial and skilled resources and primitive accounting and auditing practices must be taken into account. The intermediation system must be able to provide a guarantee to deposits that avoids pitfalls of deposit insurance funds and which operates with the minimum amount of equity capital. Proposal for the three tiers include payment services, loan activities and investments.

Management, Panel Discussion, Financial intermediation, Central planning

---

Economies of scale and scope in the Finnish non-life insurance industry

Article Abstract:

Diseconomies of scale exist at the company level and constant returns to scale at the branch level exist in the non-life insurance industry of Finland. The study was carried out using a theory that stipulates that an industry can possess both decreasing returns to scale at the firm level and increasing returns to scale at the outlet level. Evidence of the cost effect were provided by the estimation of the cost function, while the captivation effect was equivalent to big companies that wield power in the market via their network of outlets.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Finland, Insurance industry, Economies of scale

---

Regionalisation versus globalisation in European financial market integration: evidence from co-integration analyses

Article Abstract:

A new study investigates the degree of integration in the international financial markets of six European union countries on a regional and global scale.

Research, International aspects, Financial markets, European Union, International economic integration, Economic integration

Similar abstracts:

• Abstracts: Moral hazard and information sharing: a model of financial information gathering agencies. Information Effects on the Bid-Ask Spread
• Abstracts: Planning information systems for the growing business. Using information technology to compete in a new Europe
• Abstracts: The future for financial reporting in New Zealand. Pan-European groups
• Abstracts: How customers actually shop: customer interaction with the point of sale. Assurance versus insurance: a study of consumer receptiveness in an e-commerce setting
• Abstracts: Timeshare rental not sheltered by PAL exception. Temp. Regs. offer timely relief for late elections. Proposed Regs. on bankruptcy exception to NOL liminitations

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.