Thesis
Stochastic inventory theory and the demand for money
- Abstract:
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This thesis describes an inventory-theoretic approach to the study of the demand for money. It aims to connect money demand theory with optimal inventory theory on the one hand and with time series empirical evidence on the other. Thus it incorporates recent advances in inventory theory and extends these to allow the interest rate to follow a stochastic process. The problem of minimising the expected, discounted suns of cash-management costs is ascribed to an agent. Through the use of con...
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Authors
Bibliographic Details
- Publication date:
- 1986
- Type of award:
- DPhil
- Level of award:
- Doctoral
- Awarding institution:
- University of Oxford
- Source identifiers:
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602328552
Item Description
- Language:
- English
- Subjects:
- UUID:
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uuid:f7316a7f-5676-4d31-801c-a34aa5597b23
- Local pid:
- td:602328552
- Deposit date:
- 2015-02-04
Terms of use
- Copyright holder:
- Smith, G
- Copyright date:
- 1986
- Notes:
- This thesis was digitised thanks to the generosity of Dr Leonard Polonsky
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