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The Demand for Liquid Asset Balances by U.S. Manufacturing Corporations: 1959–1970

Published online by Cambridge University Press:  19 October 2009

Richard G. Marcis  and
V. Kerry Smith
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Extract

One of the most significant developments in macroeconomic analysis in the post-World War II era has been the dramatic resurgence of interest in the role of monetary factors in economic activity. The demand for money has been a focal point of this monetary renaissance, and in recent years a proliferation of studies has focused on questions such as the motives for holding money balances, the effects of changes in the rate of interest, and the existence of economies of scale for cash balances. The trend toward disaggregation of macro functions has been reflected in demand for money studies of the corporate sector as well as the household sector.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 8 , Issue 2 , March 1973 , pp. 207 - 218
Copyright
Copyright © School of Business Administration, University of Washington 1973

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