INTEREST RATE METRIS SYSTEM: ALTERNATIVE STRATEGY FOR BANKING INDUSTRY

Autor:	Stephanus Ivan Goenawan
Rok vydání:	2016
Předmět:	Mobile banking interest rate policy media_common.quotation_subject Banking industry Interest rate Nominal interest rate Commerce Financial transaction metris system lcsh:Finance lcsh:HG1-9999 Interest rate system Business Finance Industrial organization Alternative strategy media_common
Zdroj:	Bulletin Ekonomi Moneter dan Perbankan, Vol 18, Iss 4, Pp 449-474 (2016)
ISSN:	2460-9196 1410-8046
DOI:	10.21098/bemp.v18i4.576
Popis:	The financial transaction facilities including Automated Teller Machine (ATM), mobile banking, or internet banking can help customers to make real time transactions across location and time zones. On the basis of these two facts, this research comparatively analyze and prove that the daily interest rate system as commonly practiced by the bank potentially create loss to them. Since the daily interest rate system is based on the change of the date, the customers can double the nominal interest rate income. Using comparative analysis, this paper shows that the potential loss may be prevented when the bank use the metris interest rate system, which is based on the time in seconds.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e259ab96396bf6f3ffae20c18939fe9e https://doi.org/10.21098/bemp.v18i4.576 Zobrazit plný text záznamu