Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

A Model of the Demand for Money by Firms

A Model of the Demand for Money by Firms Abstract I. Introduction, 413. — II. A model of cash flows and the costs of cash management for business firms, 416; assumptions underlying the model, 417; optimal values of the policy parameters, 420; some properties of the solution, 423; implications for the demand for money by firms, 425; extension to allow for non-zero drift, 427.— III. The applicability of the model, 429. — Appendix, 433. * " We wish to thank Eugene Fama, Milton Friedman, William Kruskal, Franco Modigliani, John F. Muth, Victor Niederhoffer and Lester Telser for helpful suggestions and comments. Francis Nourie set up and carried out the computations upon which Table I is based. This content is only available as a PDF. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Quarterly Journal of Economics Oxford University Press

A Model of the Demand for Money by Firms

Loading next page...
 
/lp/oxford-university-press/a-model-of-the-demand-for-money-by-firms-07ZGXajH0y

References (0)

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Oxford University Press
ISSN
0033-5533
eISSN
1531-4650
DOI
10.2307/1880728
Publisher site
See Article on Publisher Site

Abstract

Abstract I. Introduction, 413. — II. A model of cash flows and the costs of cash management for business firms, 416; assumptions underlying the model, 417; optimal values of the policy parameters, 420; some properties of the solution, 423; implications for the demand for money by firms, 425; extension to allow for non-zero drift, 427.— III. The applicability of the model, 429. — Appendix, 433. * " We wish to thank Eugene Fama, Milton Friedman, William Kruskal, Franco Modigliani, John F. Muth, Victor Niederhoffer and Lester Telser for helpful suggestions and comments. Francis Nourie set up and carried out the computations upon which Table I is based. This content is only available as a PDF.

Journal

The Quarterly Journal of EconomicsOxford University Press

Published: Aug 1, 1966

There are no references for this article.