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Transaction Сosts and Their Impact on the Income of Credit Institutions


Anton Maryyasin
(about the author)

Maryyasin Anton Markovich –

Published in:
Russian Journal of Entrepreneurship
– № 5-2 / May, 2011



Keywords: banking system, credit institutions, information and consulting services, specification of property rights, transaction costs


Citation:
Anton Maryyasin (2011). Transaction Сosts and Their Impact on the Income of Credit Institutions. Russian Journal of Entrepreneurship, 12(5), 152-155. — url: http://bgscience.ru/com/lib/2984


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Abstract:

The author examines the problems of transaction costs in relation to the Russian banking system. He gives a classification and describes the approach to quantitative measurement. The understanding of transaction costs is expanded: the author considers them not only as costs that should be minimized, but also as the key source of income for Russian banks.








References:
1. Coase, Ronald. 1937. The nature of the firm. Economica 4: 386–40.
2. Wallis J., North D. Measuring the Transaction Sector in American Economy, 1870–1970. – Chicago: Chicago University Press, 1986.
3. Williamson, Oliver.1985. The Economic Institutions of Capitalism. New York: Free Press.article (1,2,3,4,5).
4. Arrow K.J. Political and economic evalua tion of social effects and externalities. – In: The analysis of public output. Ed. by Margolis J., N.Y., 1970.
5. Polski, Margaret M. 2001. Measuring transaction costs and institutional change in the U.S. commercial banking industry. Mimeo. Indiana University.

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