«What evolution for the unit cost of financial intermediation in Europe?»
Motivation : This project aims at providing new evidence on the evolution of the unit cost of financial intermediation in Europe. Because the output of financial intermediation cannot be approximated with accounting standards, this project proposes an approximation through aggregate statistics.
Project : In a first step, this project will consist in collecting macroeconomic data on financial activities for every European country, going back in time at least to 1945 – and before 1914 for some countries. This data will then be used to approximate the output and the cost of financial intermediation using a theoretical model of financial intermediation.
Funding : The project is entirely funded by Finance Watch an NGO located in Brussels.
IPP researchers associated to this project : Guillaume Bazot