Journal of Financial and Quantitative Analysis Vol. 4 No. 3 1969
The Optimal Bank Liquidity: A Multi-Period Stochastic Model
Abstract
The purpose of this paper is to construct a model for the computation of an optimal cash balance for a bank, although it could be adapted to any organization. By a bank we mean to include both commercial banks and savings banks (mutual savings banks and savings and loan associations). One might also be able to adapt the model to an “international bank” such as the United States holdings of gold and foreign exchange.
- DOI
- 10.2307/2329701
- Volume
- 4
- Issue
- 3
- Pages
- 329
- Sources
- crossref openalex