Bencivenga, Valerie R; Smith, Bruce D. <br/><br/>
Equity markets, transaction costs, and capital accumulation: An illustration. 

 - Washington :  World Bank,  1995. 
<br/><br/> This paper examines how the level of transaction costs impacts on the volume of financial market activity and on steady state welfare. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Financial Market.<br/>Financial market -- Savings.--Financial market -- Savings.