The Effects of Cash Management Practices on the Demand for Demand Deposits
Working Papers
January 1983, No. 83-2
(A version of this work was published in the Federal Reserve Bank of Richmond's Economic Review, 1984, Vol. 70, No. 5 )
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.
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