A Model of Demand for Cash and Deposits

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2007 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: David Bounie; Nicolas Houy;

doi: 10.2139/ssrn.991361

A Model of Demand for Cash and Deposits

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Abstract

In a recent contribution, Bounie et al. (2007a) proposed a simple alternative payment decision rule based on a cash holding model (CH model) that showed more efficiency at replicating the observed data than standard transaction size based models (TS models) a la Whitesell (1989). In this paper, we provide an axiomatization for a class of CH models.

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