IDENTIFYING AND QUANTIFYING COMPONENTS OF TRANSACTION COSTS IN THE BANKING SYSTEM

Cristina Elena Georgescu () and Riana Iren Radu
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Cristina Elena Georgescu: „Ovidius” University of Constanta, Romania

Risk in Contemporary Economy, 2015, 272-278

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.

Keywords: transaction costs; interest expenses; non-interest expenses (search for similar items in EconPapers)
Date: 2015
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