Are There Economies Of Scale In The Demand For Money By Firms
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Are There Economies Of Scale In The Demand For Money By Firms
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Author : Olympia Bover
language : en
Publisher:
Release Date : 2000
Are There Economies Of Scale In The Demand For Money By Firms written by Olympia Bover and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Cash flow categories.
Revisiting The Empirical Evidence On Firms Money Demand
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Author : Francesca Lotti
language : en
Publisher:
Release Date : 2006
Revisiting The Empirical Evidence On Firms Money Demand written by Francesca Lotti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business enterprises categories.
Scale Economies And Heterogeneity In Business Money Demand
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Author : Luigi Grossi
language : en
Publisher:
Release Date : 2012
Scale Economies And Heterogeneity In Business Money Demand written by Luigi Grossi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
This paper investigates the demand for money by firms and the existence of economies of scales in order to evaluate the efficiency in the cash management of the Italian manufacturing industry. We estimate a money demand for cash elaborated by Fujiki and Mulligan (1996). Estimates differ from the previous literature firstly, because we use a choice dynamic model to overcome endogeneity problems in cash holdings; secondly, because we use an iterative procedure based on backward exclusion of firms from model estimation with which we point out the high heterogeneity of Italian companies in money demand. Our estimates show that the Italian Manufacturing industry, considered as whole, does not enjoy scale economies in money demand. Our iterative procedure points out that the cause of this result is to be ascribed to small firms which are characterized by thin cash money holdings and a consequently very modest opportunity cost. Once small size firms are removed from our data set our estimates reveal that money demand of medium and large size firms is different for high scale economies. This result, together with the fact that small firms' cash balances are thin, implies the efficiency of Italian manufacturing industry.
The Demand For Money By Firms
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Author : C. Robert Coates
language : en
Publisher:
Release Date : 1976
The Demand For Money By Firms written by C. Robert Coates and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business enterprises categories.
Survey Of Literature On Demand For Money
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Author : Mr.Subramanian S. Sriram
language : en
Publisher: International Monetary Fund
Release Date : 1999-05-01
Survey Of Literature On Demand For Money written by Mr.Subramanian S. Sriram and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-05-01 with Business & Economics categories.
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
The Rise In Corporate Saving And Cash Holding In Advanced Economies Aggregate And Firm Level Trends
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Author : Mai Chi Dao
language : en
Publisher: International Monetary Fund
Release Date : 2018-12-07
The Rise In Corporate Saving And Cash Holding In Advanced Economies Aggregate And Firm Level Trends written by Mai Chi Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Business & Economics categories.
Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account surpluses. We find that this trend holds consistently across major industries, and is concentrated among large firms, driven by rising profitability, lower financing costs, and reduced tax rates. At the same time, higher gross corporate saving have not supported a commensurate increase in fixed capital investment, but instead led to a build-up of liquid financial assets (cash). The determinants of corporate cash holding and saving are also broad-based across countries, with the growth in assets of large firms, R&D intensity, and lower effective tax rates accounting for most of the increase over the last 15 years.
Monetary Theory And Monetary Policy
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Author : Karl Brunner
language : en
Publisher:
Release Date :
Monetary Theory And Monetary Policy written by Karl Brunner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Economics And Implications Of Data
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Author : Mr.Yan Carriere-Swallow
language : en
Publisher: International Monetary Fund
Release Date : 2019-09-23
The Economics And Implications Of Data written by Mr.Yan Carriere-Swallow and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-23 with Computers categories.
This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.
Capitalism Without Capital
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Author : Jonathan Haskel
language : en
Publisher: Princeton University Press
Release Date : 2018-10-16
Capitalism Without Capital written by Jonathan Haskel and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-16 with Business & Economics categories.
Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.
The General Theory Of Employment Interest And Money
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Author : John Maynard Keynes
language : en
Publisher: Springer
Release Date : 2018-07-20
The General Theory Of Employment Interest And Money written by John Maynard Keynes and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-20 with Business & Economics categories.
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.