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Economic literature pays a great deal of attention to the performance of banks, expressed in terms of competition, concentration, efficiency, productivity and profitability. This book provides an all-embracing framework for the various existing theories in this area and illustrates these theories with practical applications.

Evaluating a broad field of research, the book describes a profit maximizing bank and demonstrates how several widely-used models can be fitted into this framework. The authors also present an overview of the current major trends in banking and relate them to the...

Economic literature pays a great deal of attention to the performance of banks, expressed in terms of competition, concentration, efficiency, productivity and profitability. This book provides an all-embracing framework for the various existing theories in this area and illustrates these theories with practical applications.

Evaluating a broad field of research, the book describes a profit maximizing bank and demonstrates how several widely-used models can be fitted into this framework. The authors also present an overview of the current major trends in banking and relate them to the...

Pension fund benefits are crucial for the welfare of many in society and pension fund savings have accumulated such huge amounts that they now constitute a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, by limited availability of data. This book contributes to this literature and focuses on two important areas: pension fund efficiency and investment behaviour.

Inefficiency in pension fund administration and investments have a huge impact on their final benefits, particularly when...