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The effects of cash management practices on the demand for demand deposits

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  • Michael Dotsey

Abstract

During the mid-1970s standard regressions explaining the demand for money underwent a well documented shift. This shift was largely attributed to the adoption of a more sophisticated methods of cash management practices by firms. ; A version of this work was published in the Federal Reserve Bank of Richmond's Economic Review, 1984, Vol. 70, No. 5

Suggested Citation

  • Michael Dotsey, 1983. "The effects of cash management practices on the demand for demand deposits," Working Paper 83-02, Federal Reserve Bank of Richmond.
  • Handle: RePEc:fip:fedrwp:83-02
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    References listed on IDEAS

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    1. Richard D. Porter & Thomes D. Simpson & Eileen Mauskopf, 1979. "Financial Innovation and the Monetary Aggregates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(1), pages 213-229.
    2. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 66(4), pages 545-556.
    3. Richard D. Porter & Thomes D. Simpson & Eileen Mauskopf, 1979. "Financial Innovation and the Monetary Aggregates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(1), pages 213-230.
    4. Thomas F. Cooley & Edward C. Prescott, 1973. "Systematic (Non-Random) Variation Models Varying Parameter Regression: A Theory And Some Applications," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 2, number 4, pages 463-473, National Bureau of Economic Research, Inc.
    5. Lieberman, Charles, 1977. "The Transactions Demand for Money and Technological Change," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 307-317, August.
    6. Karni, Edi, 1974. "The Value of Time and the Demand for Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(1), pages 45-64, February.
    7. Carlson, John A & Frew, James R, 1980. "Money Demand Responsiveness to the Rate of Return on Money: A Methodological Critique," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 598-607, June.
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    Cited by:

    1. Yash P. Mehra, 1985. "The recent financial deregulation and the interest elasticity of the simple M1 demand function : an empirical note," Working Paper 85-03, Federal Reserve Bank of Richmond.

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