. 1. 2).,,,..,,. < - 1> - - - - - - - - - 2) (economies of scope) n n. - 24 -
. (Savage ; 1991, Berger and Humphery ; 1992,, 1997b) () (Boyd and Graham ; 1986, 1988, 1993, ; 1997).,, 3). translog,. 2. 5.,.. 3) (1997), pp. 25 27. - 25 -
. 1980,,,. (, ). 2. 5,,,. < -2 > () 1. ( ), 2. ( ) - - -, 3. (),,, 4.LG ( ) -,, 5.SK - - - 6. - - 7. - - - 8. - - - 9. - - - 10. - - - - - 11. - - - - 12. - - - - - 14. - - - - - 15. - - - - 16. - 18. - - - - 20. - - - - - 21. -, 28. - - - - : 1) 1999 4 1 ( ). 2). - 26 -
.. 4). < -3> (8.8), (33.4), (81.0), (100.0) (40.2), (100.0), (54.3), (100.0), (100.0) (48.8) (93.0), (89.6), (74.1), (43.0), (100.0), (100.0), (100.0) (100.0), (30.0), Com m erz (46.0), (100.0) (9.4), (6.6), (29.4), (10.0), (100.0) (80.0), (50.0), IN G(20%) (26.2), (22.6) SK(20.0), (29.0), (25.7) :, 1999/ 2000, 1999. 11..,,,,,, 4),,,, 1997.10. p 62. - 27 -
().... 1958 1988 ( )1994. 1962 1986( ), 1987, 1988 ( ), 19891990. < -4 > (61.9), (10.0) (9.3), (100.0), (28.3), (-), (-) 3. 1980.. - 28 -
,,, 3. 1999 11 (The Financial Services Modernization Act), 1998 3 12. ( ) 8 83,. 50%., 100, 100% 50% ( 30% ). () 20% 24,.,.,., 2000 1 (,, ) - 29 -
5). < - 1> 3, ( :, ). <-5>.,,,. 14%. 5). 33,, 3, - 30 -
. 50% 2. < -5 > - - - ( -, (, ) - - -,, - - - -, - - (,, ) - - (u n derw riting) -, - ( ) -,, - ( ) - : - ATM - - - (,, ) - - (, ) - - - - - - - - () - - - 3 1 -
< -2 > ().,., (). <-6>,.... 5 2. - 32 -
< -6> -, - - - - - / - - - - - - - ( ) - - - - M&A - - - - - - - - - - / - - - - - - - - - :,,,, 1997. 10., p.83. - 33 -
( ).,... ( ). IV(,,,, ). - 34 -