Search Results
Discussion Paper
Scale economies at automated clearinghouses
Discussion Paper
Economies of scale and scope in banking
Working Paper
Efficiency of financial institutions: international survey and directions for future research
This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the various efficiency methods do not necessarily yield consistent results, and we suggest some ways that these methods might be improved to bring about findings that are more consistent, accurate, and useful. Secondary goals are to address the implications of efficiency results for financial institutions in the ...
Journal Article
Delivering deposit services: ATMs versus branches
Discussion Paper
Determinants of commercial bank liability structure, 1970-75
Working Paper
Cost savings from electronic payments and ATMs in Europe
Electronic payments are considerably cheaper than their paper-based alternatives. Similarly, ATMs are a more cost-efficient way to deliver certain depositor services than are branch offices. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and ATMs expanded while the number of branch offices was constant, bank operating costs are estimated to be $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations' GDP. The authors' results are robust to the form of cost function estimated-composite, Fourier, or translog. ; ...
Conference Paper
Retail payment instruments: costs, barriers, and future use