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- W2360765087 abstract "Under the basic frame of dual economic structure,the paper analyses the inherent relationship between broad-defined and narrowly-defined transaction costs and local small and medium financial institutions(LSMFIs) in both macroscopic and microcosmic aspects.Macroscopically,development of LSMFIs will increase the efficiency of financial resource allocation,and thus reduce the operating cost of the whole financial system.Microscopically,LSMFIs' comparative advantage on transaction costs to those large scale financial institutions will be help to reduce transaction cost for each side in a financial transaction.Therefore,to develop LSMFIs conforming dual economic structure is a strategic choice to support the development of local economy and finally changing the dual economic structure." @default.
- W2360765087 created "2016-06-24" @default.
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- W2360765087 date "2005-01-01" @default.
- W2360765087 modified "2023-09-23" @default.
- W2360765087 title "The Inherent Relationship between Transaction Costs and Local Small and Medium Financial Institutions" @default.
- W2360765087 hasPublicationYear "2005" @default.
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