Human being always wants to be more efficient in order to achieve more profit or welfare. In economic point of view, efficiency means optimize allocation of resources and maximize use of resources with minimum cost in a given technology. Nowadays, efficiency calculation in organizations or in different industries is a necessary step for comparing the level of competition in domestic and foreig...

We show that a purely private monetary system is inherently unstable due to the role of endogenous debt limits in the creation of private money. Because people’s ability to issue notes (personal liabilities that circulate as a medium of exchange) depends on beliefs about the exchange value of their notes in future periods, there exist multiple equilibria. Some of these equilibria have undesirab...

The outsourcing of financial services has been growing during last decades.Inspite of expanding managers awareness about this subject,most of outsourcing projects have been lost due to qualifative decision critera and ignorance of environmental circumstances. The purpose of research is to design a model for making decision about outaourcing activities in banking system.From the point of purpos...

E-service quality plays a significant role to achieve success or failure in any organization, offering services online. It will increase the competition among the organizations, to attract the customers on the basis of the quality of service provided by the organization. Better e-service quality will enhance the relationship with customers and their satisfaction. So the measurement of eservice ...

Banking activity in Georgia is going through a period of rapid changes caused by the introduction new information technologies and globalization financial markets. In wake radical market reforms, country's banking system has changed significantly. The number organizations whose activities are based on principles increased, which turn creates conditions for development competition services. open...