On the reduction of disinflation costs: fixed exchange rates or central bank independence?
DOI:
https://doi.org/10.13133/2037-3643/10630Keywords:
Cost management, global bankingAbstract
Cost management has become a major strategic issue in world banking as revenues become harder to earn and loss provisions erode a large proportion of banks' net interest income. This article summarises a recent, extensive study on cost management in global banking that was conducted by Salomon Brothers and published in October 1993. The study covered 50 major banks in 11 countries.
JEL: E52, E58
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