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- Humphrey, David, et al.
(författare)
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Benefits from a Changing Payment Technology in European Banking
- 2006
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Ingår i: Journal of Banking & Finance. - 0378-4266 .- 1872-6372. ; 30:6, s. 1631-1652
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Tidskriftsartikel (refereegranskat)abstract
- An “output characteristics” cost function is used to identify payment sources of technical change in European banking and estimate associated benefits. 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 $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations’ GDP. Policies facilitating these changes (antitrust exemptions to weakly coordinate implementation of payment service pricing) would permit benefits to be more fully realized.
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| 2. |
- Humphrey, David, et al.
(författare)
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What does it cost to make a payment?
- 2003
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Ingår i: Review of Network Economics. - : Walter de Gruyter. - 1446-9022 .- 2194-5993. ; 2:2, s. 159-174
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Tidskriftsartikel (refereegranskat)abstract
- We survey the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and onehalf that of a paper-based instrument, a country may save 1% of its GDP annually as it shifts from a fully paper-based to a fully electronic-based payment system. Some gains have already been realized. Additional analysis indicates that bank costs of making a payment may have fallen by 45% in Europe as the share of electronic transactions in 12 countries rose from .43 to .79 over 1987-1999.
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| 4. |
- Bergendahl, Göran, 1940, et al.
(författare)
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Duration Analysis: An Overview
- 2010
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Ingår i: New issues in Financial and Credit Markets. - Hampshire England : Palgrave Macmillan. - 9780230275447 ; , s. 171-183
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 7. |
- Bergendahl, Göran, 1940, et al.
(författare)
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Duration Analysis – An Exposé
- 2009
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Ingår i: Wolpertinger Conference 2009, European Association of University Teachers of Banking and Finance, Sept 2-5, Rome, Italy.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Asset and Liability Management (ALM) is usually viewed as the principles and the practice to control movements in the market interest rates. Up to present time these techniques have been used mainly to protect the balance sheet. Today, a focus is also set on how economic value is created in banks and other financial institutions. In this context Duration Analysis is a method for risk management with a focus on strategies for immunization. The purpose of this paper is to give an exposé over the use of the concept duration not only in banking and finance but in some other sectors as well. In 1938 Macaulay introduced duration as a method to estimate how a change in interest rate had influence on the value of a bond. Later on duration has been introduced as a method to determine the effect a change in interest rates has on a life insurance firm. Nowadays one may find a wider use of duration analysis in other sectors such as the management of energy production, the management of customer loyalty, and the management of survival issues. This paper will give an exposé over different methods of duration analysis. It will also demonstrate how methods of this kind may be applied to risk management in different sectors with a certain emphasis on banking, insurance and energy.
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