macro costs meaning in English

宏观成本

The fourth chapter firstly points out that due to the special structure and procedures of asset securitization , the traditional legal and accounting institutions cannot fully explain and suit the development of asset securitization , so the cost of asset securitization is reflected in the increase of macro cost and micro cost . secondly , it points out that asset securitization could decrease information cost , increase company ' s cash flow and cut down transaction cost
第四章首先指出由于资产证券化特殊的结构和实施程序，使传统的法律和会计制度不能完全解释和适应资产证券化的发展，从而资产证券化的成本表现在由于制度变迁而引起的宏观成本和微观成本的增加；其次运用mm理论来分析资产证券化的效益问题，指出资产证券化可以减少信息成本、增加公司的现金流、减少交易成本。