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Thesis

Stochastic inventory theory and the demand for money

Abstract:

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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Institution:
University of Oxford
Oxford college:
Nuffield College
Department:
Faculty of Social Studies
Publication date:
1986
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Barcode:
602328552
URN:
uuid:f7316a7f-5676-4d31-801c-a34aa5597b23
Local pid:
td:602328552
Language:
English
Subjects:

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