Add to ORKGThis paper considers a stochastic, time-varying interest rate in a continuous-time, inventory-theoretic model of the demand for money. The problem of minimizing expected, discounted cash-management costs is ascribed to an agent. An optimal cash-management policy exists and is of a familiar target-threshold form. Closed-form expressions for the forward-looking, time-varying targets and thresholds are derived in special cases and implications for the dynamics of the cash balance are described. Copyright 1989 by The Review of Economic Studies Limited.
We document cash management patterns for households that are at odds with the predictions of determi...
We solve an agent's optimization problem of meeting demands for cash over time with cash deposited i...
Consider a single commodity inventory system in which the demand is modelled by a sequence of i.i.d....
This thesis describes an inventory-theoretic approach to the study of the demand for money. It aims ...
A continuous time model of cash management is formulated with stochastic demand and allowing for pos...
In business, enterprises need to maintain stable cash flows to meet the demands for payments in orde...
Abstract In this paper, we consider a cash management model in which two types of funds are availabl...
We discuss a mathematical model for optimal cash management. A firm wishes to manage cash to meet de...
We consider the problem of managing two assets, cash and an earning asset, when net cash flows are s...
This paper studies some continuous-time cash-in-advance models in which interest rate smoothing is o...
We document cash management patterns for households that are at odds with the predictions of determi...
We document cash management patterns for households that are at odds with the predictions of determi...
This paper studies some continuous-time cash-in-advance models in which interest rate smoothing is o...
The major purpose of this paper is to apply a stochastic single-period inventory management approach...
We extend the Baumol-Tobin cash inventory model to a dynamic environ-ment which allows for the possi...
We document cash management patterns for households that are at odds with the predictions of determi...
We solve an agent's optimization problem of meeting demands for cash over time with cash deposited i...
Consider a single commodity inventory system in which the demand is modelled by a sequence of i.i.d....
This thesis describes an inventory-theoretic approach to the study of the demand for money. It aims ...
A continuous time model of cash management is formulated with stochastic demand and allowing for pos...
In business, enterprises need to maintain stable cash flows to meet the demands for payments in orde...
Abstract In this paper, we consider a cash management model in which two types of funds are availabl...
We discuss a mathematical model for optimal cash management. A firm wishes to manage cash to meet de...
We consider the problem of managing two assets, cash and an earning asset, when net cash flows are s...
This paper studies some continuous-time cash-in-advance models in which interest rate smoothing is o...
We document cash management patterns for households that are at odds with the predictions of determi...
We document cash management patterns for households that are at odds with the predictions of determi...
This paper studies some continuous-time cash-in-advance models in which interest rate smoothing is o...
The major purpose of this paper is to apply a stochastic single-period inventory management approach...
We extend the Baumol-Tobin cash inventory model to a dynamic environ-ment which allows for the possi...
We document cash management patterns for households that are at odds with the predictions of determi...
We solve an agent's optimization problem of meeting demands for cash over time with cash deposited i...
Consider a single commodity inventory system in which the demand is modelled by a sequence of i.i.d....